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1
More useful FDI statistics for policy makers
Gerrit van den Dool
De Nederlandsche Bank
WGIIS, Paris
20 March 2014
2
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?
3
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
4
Current practice: overstatements turned into in understatements. Think it over?
5
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
6
“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!