The objective of the paper is to report on the effect of revaluing foreign direct investment (FDI) at replacement values as a means of estimating the importance of international production. A perpetual inventory model is used to revalue FDI stocks to constant and current values. The empirical...

This article assesses the last 100 years of Austrian FDI. Before 1914 Austrian firms rarely engaged in FDI, mainly since the large home market had a high growth potential and since Austrian firms - although among the largest domestically - were smaller than their international competitors, less...