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Measures Of Restrictions on Inward Foreign Direct Investment for OECD Countries


  • Stephen S. Golub


This paper provides new measures of restrictions on inward foreign direct investment (FDI) for OECD countries. Several different types of restrictions are considered: limitations on foreign ownership, screening or notification procedures, and management and operational restrictions. These restrictions are computed for nine sectors and eleven sub-sectors, most of which are in services, and then aggregated into a single measure for the economy as a whole. According to the aggregate indicators, the last two decades, and especially the 1990s, have witnessed dramatic liberalisation in FDI restrictions. OECD countries are now generally open to inward FDI, although there remain substantial differences between countries and across industries. The most open countries are now in Europe, at least as far as statutory restrictions are concerned. The preponderance of remaining restrictions is in services, with almost no overt restrictions in manufacturing ... Mesures de restrictions envers les flux des investissements directs étrangers orientés vers l'intérieur pour les pays de l'OCDE Ce document présente des nouvelles mesures de restrictions envers les flux des investissements directs étrangers (IDE) orientés vers l’intérieur, pour les pays de l’OCDE. Différentes sortes de restrictions sont considérées : les limites sur le contrôle du capital, les procédures d’examen sélectif et de notification, et les restrictions concernant la gestion et les opérations des entreprises. Ces restrictions sont calculées pour neuf secteurs et onze sous-secteurs, dont la plupart sont des services. Ces données sont ensuite agrégées dans une mesure composite pour l’économie dans son ensemble. Selon ces indicateurs agrégés, les deux dernières décennies, plus particulièrement les années 90, ont marqué une forte libéralisation des restrictions sur l’IDE. Les pays de l’OCDE sont dès lors généralement ouverts aux IDE. Toutefois, il reste des différences importantes selon les pays et par secteurs. Les pays les plus ouverts sont à présent européens, au moins en ce qui concerne les restrictions statutaires. La majorité des restrictions restantes se trouve dans les services. Il n’y a presque plus de restrictions légales dans le secteur manufacturier ...

Suggested Citation

  • Stephen S. Golub, 2003. "Measures Of Restrictions on Inward Foreign Direct Investment for OECD Countries," OECD Economics Department Working Papers 357, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:357-en

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    capital flows; FDI restrictions; flux de capitaux; foreign direct investment; investissement direct étranger; restrictions sur l'IDE;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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