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Multinational Firms in the U.S. Economy: Insights from Newly Integrated Microdata

Author

Listed:
  • Fariha Kamal
  • Jessica McCloskey
  • Wei Ouyang

    (Bureau of Economic Analysis)

Abstract

This paper describes the construction of two confidential crosswalk files enabling a comprehensive identification of multinational firms in the U.S. economy. The effort combines firm-level surveys on direct investment conducted by the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau’s Business Register (BR) spanning the universe of employer businesses from 1997 to 2017. First, the parent crosswalk links BEA firm-level surveys on U.S. direct investment abroad and the BR. Second, the affiliate crosswalk links BEA firm-level surveys on foreign direct investment in the United States and the BR. Using these newly available links, we distinguish between U.S.- and foreign-owned multinational firms and describe their prevalence and economic activities in the national economy, by sector, and by geography.

Suggested Citation

  • Fariha Kamal & Jessica McCloskey & Wei Ouyang, 2022. "Multinational Firms in the U.S. Economy: Insights from Newly Integrated Microdata," BEA Working Papers 0202, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0202
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    File URL: https://www.bea.gov/system/files/papers/BEA-WP2022-11.pdf
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    Cited by:

    1. Jeronimo Carballo & Richard Mansfield & Kassandra McLean, 2024. "Exploring the Hiring, Pay, and Trading Patterns of U.S. Firms: The Dominance of Multinationals Engaged in Related-Party Trade," Working Papers 24-77, Center for Economic Studies, U.S. Census Bureau.

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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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