Recent theoretical work tends to characterize multinational enterprises as arising through either horizontal or vertical foreign direct investment (FDI). Empirical research tends to find stronger support for the former than for the latter. In this paper, we use recent, detailed data on U.S....

Since the United Nations introduced the nonsymmetrical make-use input-output (I-O) tables in 1968, there have been on-going discussions about ways to translate them into symmetric I-O tables. The discussions have focused on secondary products that cause the asymmetry between industries and...

The comprehensive benchmark revision of the national income and product accounts (NIPA’s), released in October of last year, newly recognized business and government expenditures for computer software as investment. This paper describes the methodology for annual and quarterly estimates of...

The timeliness of the U.S. input-output (I-O) accounts is a major concern for policymakers and industry analysts, as well as academics. In response, the Bureau of Economic Analysis initiated research in 2001 to identify, develop and implement an estimating method for producing more timely and...

This paper uses data from the U.S. Census Bureau Annual Survey of Manufactures (ASM) to examine the effects that a growth of low-valued transactions likely has on the quality of export estimates provided in the U.S. International Trade in Goods and Services (FT-990) series. These transactions,...

This paper discusses the methodologies employed in the U.S. international economic accounts, in valuing direct investment in prices of the current period. Under international standards, all of the components of the international investment position should reflect current period prices, rather...

Russian economy was often under the influence of crises. The last one in 1998 has not been time-consuming, and after the phase of stagnation Russia is taking benefits of stabile growth till now. However, the sources of this growth are off the country and the prices of Russian export goods could...

Based on a sample of 104 countries, we document four key stylized facts regarding the interaction between capital flows, fiscal policy, and monetary policy. First, net capital inflows are procyclical (i.e., external borrowing increases in good times and falls in bad times) in most OECD and...

Over viewing the most recently evolutions throughout global economy, we can easily conceive that the collateral effects of economical globalization and market integration, represents the main issues debated in specialized professional or political circles. The unanimous impression underlines the...