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Gerrit van den Dool's presentation at the FDI Statistics Workshop (20 March 2014) during the session on whether or not FDI statisics are still a useful metric when measuring investment globalisation. Find out more at http://www.oecd.org/daf/inv/measuring-globalisation-fdi-statistics-workshop-2014.htm
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More useful FDI statistics for policy makers
Gerrit van den Dool
De Nederlandsche Bank
WGIIS, Paris
20 March 2014
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Inward FDI: Attractiveness? Outward FDI: Expansion
abroad?
BD4 major step forward: clear definitions, many new areas covered, linkages to AMNE statistics, distinction of SPEs, role for headquarters
BUT Are we be better serving policy makers now?
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Attractiveness? Be aware of capital flowing uphill
Put aside capital flowing uphill (20), rather than sticking to Balance of Payments constrains
NL: net outflow 21 understatement of expansion abroad
UK: net inflow 21 understatement of attractiveness
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Current practice: overstatements turned into in understatements. Think it over?
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Two FDI headline figures, a way out?
FDI statistics now statistics in its own right Freedom to select/omit FDI building blocks
Economic activity
Financial activity
Exclude
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“It’s complicated” - Make users aware that figures are baskets of minusses and plusses
Some homework:
“Analyze this”
Clear communciation to users of paramount importance to make BD4 a success!
