On Net External Assets in Developed and Transition Countries
AbstractThe paper focuses on net external assets (NEA) in developed and transition countries in 1995, 2000, and 2005. The net international investment position is used as the main NEA indicator. In addition, alternative NEA estimates for developed countries are based on the cumulated current account, the cumulated financial and capital accounts, and the net factor income from abroad. The NEA estimates are divided by the gross domestic product (GDP) based on the U.S. dollar exchange rate. We identify the most important net creditors and net debtors, for which we study the average behavior of the real product growth, the unemployment rate, and the inflation rate among developed countries. We conclude that all the given estimates of NEA are good but imperfect.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Prague Economic Papers.
Volume (Year): 2012 (2012)
Issue (Month): 3 ()
Postal: Editorial office Prague Economic Papers, University of Economics, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic
Find related papers by JEL classification:
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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