Quotation Bellak, C., Cantwell, J.. 2004. Revaluing the Capital Stock of International Production. International Business Review, Vol. 13, no. 1, pp. 1-18




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 results show the extent of the revaluation of inward and outward FDI stocks of the US, the UK, Germany, and Japan. Meaningful comparisons across countries require the translation of FDI stocks in a common currency and at constant prices and exchange rates. Such comparisons reveal that compared to other macroeconomic indicators, FDI has been undervalued.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Business Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new STRAT-B, WH-B
Language English
Title Revaluing the Capital Stock of International Production
Year 2004
Reviewed? Y
URL http://authors.elsevier.com/sd/article/S0969593103001100


Bellak, Christian (Details)
Economics 4/Applied Economics (Former organization)
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