Damgaard, Jannick; Elkjaer, Thomas; Johannesen, Niels - 2019
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward … investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while … percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the …