Towards time-consistent bilateral FDI statistics: A new dataset covering 2001-2022MPRA Paper from University Library of Munich, Germany Abstract: During the 2008-2010 financial crisis, OECD and IMF changed the definition of foreign direct investment (FDI) to get better information on intra-company financing activity. The new definition gives financing activities by subsidiary affiliates of multinational companies the same status as equity-based managerial control of foreign firms. It resulted in a systematic drop of quality, informative content and consistency of FDI statistics, as is frequently signalled in the literature. We propose a new formal framework for achieving time-consistent FDI data. It emulates the FDI definition of before 2013 that was based primarily on FDI assets. We develop a formal framework for this method and provide a full proof-of-concept. We constructed a new long-term dataset, called UIFS4. The database is a balanced panel covering bilateral FDI between 232 jurisdictions over the period 2001-2022. The dataset is solely based on reported data and uses no estimation or imputation. The performance of UIFS4 is evaluated quantitatively in a comparison with the original source data. Keywords: foreign direct investment (FDI); balance of payments; multinational companies; capital account; measurement (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122883 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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