Investimenti Diretti Esteri E Scambi Internazionali Di Servizi: Un’Analisi Basata Sui Microdati Della Bilancia Dei Pagamenti (Foreign Direct Investment and International Trade in Services: An Analysis Based on Balance of Payments Microdata)

60 Pages Posted: 30 Apr 2016  

Chiara Bentivogli

Bank of Italy

Francesco Bripi

Bank of Italy

Andrea Carboni

Bank of Italy

Luca Cherubini

Bank of Italy

Eleonora Laurenza

Bank of Italy

Andrea Locatelli

Bank of Italy - Research Department

Paola Monti

Bank of Italy

Elisabetta Nencioni

Bank of Italy

Valeria Pellegrini

Bank of Italy

Diego Scalise

Bank of Italy

Date Written: April 14, 2016

Abstract

Italian Abstract: Il lavoro presenta alcune analisi su IDE e scambi internazionali di servizi basate sui microdati sottostanti alle statistiche di bilancia dei pagamenti. I microdati sono in grado di evidenziare e mitigare alcuni limiti informativi delle statistiche ufficiali, ormai non più sufficienti a soddisfare il crescente fabbisogno informativo relativo all’internazionalizzazione. L’analisi mostra che i due fenomeni sono molto concentrati per dimensione e per territorio; inoltre gli scambi internazionali di servizi coinvolgono anche le imprese manifatturiere, mentre i microdati degli IDE mostrano un ruolo dominante delle imprese di grandi dimensioni e una rilevante presenza delle holding. In generale i microdati mostrano che l’internazionalizzazione ha spesso molte dimensioni per la stessa impresa e si presta quindi ad essere analizzata secondo diverse prospettive; ciò apre dunque nuove possibilità di verifica empirica sulle cause e sugli effetti dell’internazionalizzazione.

English Abstract: This paper presents some analyses of FDI and international trade in services based on microdata used to produce balance of payments statistics. The microdata reveal and mitigate some informative limitations of official statistics, which no longer satisfy the growing need for internationalization data. The analysis shows that the two phenomena are highly concentrated by size and geographic location; moreover, international trade in services also involves firms in the manufacturing industry, while FDI microdata indicate a dominant role of large companies, a significant presence of holding companies. Indeed, the microdata show that internationalization often affects individual firms in different ways and is therefore suited to being studied from a number of perspectives; this opens up new possibilities for empirical analysis of the causes and effects of internationalization.

Notes: Downloadable document is in Italian.

Keywords: statistics, internationalization, international trade in services, foreign direct investment, microdata

JEL Classification: F21, F23

Suggested Citation

Bentivogli, Chiara and Bripi, Francesco and Carboni, Andrea and Cherubini, Luca and Laurenza, Eleonora and Locatelli, Andrea and Monti, Paola and Nencioni, Elisabetta and Pellegrini, Valeria and Scalise, Diego, Investimenti Diretti Esteri E Scambi Internazionali Di Servizi: Un’Analisi Basata Sui Microdati Della Bilancia Dei Pagamenti (Foreign Direct Investment and International Trade in Services: An Analysis Based on Balance of Payments Microdata) (April 14, 2016). Bank of Italy Occasional Paper No. 327. Available at SSRN: https://ssrn.com/abstract=2772545 or http://dx.doi.org/10.2139/ssrn.2772545

Chiara Bentivogli (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Francesco Bripi

Bank of Italy ( email )

P.zza Edison, 3
Milan, Milan 20123
Italy

Andrea Carboni

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Luca Cherubini

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Eleonora Laurenza

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Andrea Locatelli

Bank of Italy - Research Department ( email )

Via Nazionale 91
00184 Roma
Italy

Paola Monti

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Elisabetta Nencioni

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Valeria Pellegrini

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Diego Scalise

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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