@ARTICLE{26583242_222800937_2018, author = {Andrei Shelepov}, keywords = {, foreign direct investments, multinational enterprises, special purpose entitiesfinancial globalization}, title = {The Review of the IMF Working Paper “The Global FDI Network: Searching for Ultimate Investors” (by J. Damgaard, T. Elkjaer)}, journal = {INTERNATIONAL ORGANISATIONS RESEARCH JOURNAL}, year = {2018}, month = {август}, volume = {13}, number = {2}, pages = {221-224}, url = {https://iorj.hse.ru/en/2018-13-2/222800937.html}, publisher = {}, abstract = {The review of the IMF Working Paper "The Global FDI Network: Searching for Ultimate Investors" provides a detailed overview of three types of problems identified by the authors when using international institutions’ data on foreign direct investment as a proxy for real economic integration between economies: bilateral asymmetries between inward and outward FDI for most country pairs; FDI overestimation caused by special purpose entities that do not carry out real economic activities; and complexities of determining ultimate investing economies. In addition, the review describes an approach proposed by the IMF experts to construct a global FDI network eliminating these problems, as well as FDI estimates within the network.}, annote = {The review of the IMF Working Paper "The Global FDI Network: Searching for Ultimate Investors" provides a detailed overview of three types of problems identified by the authors when using international institutions’ data on foreign direct investment as a proxy for real economic integration between economies: bilateral asymmetries between inward and outward FDI for most country pairs; FDI overestimation caused by special purpose entities that do not carry out real economic activities; and complexities of determining ultimate investing economies. In addition, the review describes an approach proposed by the IMF experts to construct a global FDI network eliminating these problems, as well as FDI estimates within the network.} }