文章基本信息

标题：On the measurement of foreign direct investment and its relationship to activities of multinational corporations
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作者：Konstantin M. Wacker
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2013
出版社：European Central Bank
摘要：This paper discusses the dierent concepts of measuring multinational corporations' ac- tivities to provide empirical researchers helpful guidelines about which measures to use in their work. I discuss which economic relations exist between the measures and show that a tight relationship can be established in theory and is indeed present in the actual data. A main conclusion is that foreign direct investment (FDI) stock data is generally recommend- able to measure the importance of multinational rms but the preferred measure depends on the analytical question under investigation. The second part of the paper argues that estimating the determinants of multinational rms by using static equilibrium models can be quantitatively misleading and hence be problematic for our understanding of multinational rms and for the design of policy. In this context, I suggest some guidelines how data on multinationals could and should be used for empirical estimation.
关键词：Multinationals; FDI; Measurement; Balance of Payments