overview of bea’s state-level data on foreign direct investment in the united states daniel r....
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Overview of BEA’s State-level Data on Foreign Direct Investment in the United States
Daniel R. YorgasonUnderstanding Regional Economic Data
for Policy and PlanningBEA/ACCRA Dallas, Texas—September 8, 2006
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BEA’s regional direct investment data
Introduction Direct investment definition
10% ownership threshold (compare portfolio) BEA data often focus on more than 50%
(controlling) ownership cases (esp. post-2002)
Reasons for interest in direct investment data Foreign ownership of assets in the U.S. Globalization
Wages, offshoring, etc.
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BEA’s regional direct investment data
Uses of regional direct investment data Determining extent of “globalization” of
local economy Analyzing effects on employment,
economic growth, technology and competitiveness
Assessing effectiveness of targeted local and regional policies Tax incentives Promotional missions
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BEA’s regional direct investment data
Overview of direct investment Two types of investment
Inward (Foreign direct investment in the United States)
Outward (U.S. direct investment abroad)
Two types of surveys Balance of payments surveys Financial and operating surveys
Benchmark and annual
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Regional data availability
Inward financial and operating data items available by state (and country or industry) Number of employees
Total Manufacturing
Gross book value of property, plant, and equipment
Gross book value of commercial property
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Regional data availability
Link with Census Bureau Sources
BEA’s benchmark inward financial and operating survey
Census’ Economic Census Census’ Business Register
Items available by state (and country and/or industry) Number of establishments Number of employees Payroll Shipments Value added in manufacturing
State only items for manufacturing establishments e.g., wages, hours, capital spending, inventories
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Comparison of available data
IssueBEA financial and operating
survey
Data link with Census Bureau
Timeliness (most
recent)2004
1997 (2002 out by end of
year)
Frequency AnnualOnce every five years
Responding unit
EnterpriseEstablishmen
t
Industry detail
9 industriesRoughly 500
industries
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Accessing data
Website – www.bea.gov Interactive data
Time series capability, key item availability “Selected” tables
Current, high interest tables Comprehensive sets of tables (zip files)
PDF or Excel Publications
Survey of Current Business (e.g., August 2006 –Anderson, Zeile)
Data publications now primarily PDF (hard copy for benchmark surveys)
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Interactive data from BEA
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Selected tables from BEA
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Selected tables from BEA
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Selected tables from BEA
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Selected tables from BEA
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Direct investment share of employment, 2004
Top 102nd 10 3rd 104th 10Last 9
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Direct investment share of employment, 2004
Top 102nd 10 3rd 104th 10Last 9
Texas and neighbors
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Top 5 states Texas region states
Rank StateShar
eRan
kState
Share
1South Carolina
7.9% 26 Texas 4.2%
2New Hampshire
7.4% 38 Arkansas 3.2%
3 Connecticut 7.1% 39 Louisiana 3.1%
4 Delaware 7.0% 44 Oklahoma 2.7%
5 Hawaii 6.6% 48 New Mexico 2.1%
Direct investment share of employment, 2004
*** August 2006 Survey of Current Business ***
Top 5 states Texas and neighbors
Rank StateShar
eRan
kState
Share
1South Carolina
7.9% 26 Texas 4.2%
2New Hampshire
7.4% 38 Arkansas 3.2%
3 Connecticut 7.1% 39 Louisiana 3.1%
4 Delaware 7.0% 44 Oklahoma 2.7%
5 Hawaii 6.6% 48 New Mexico 2.1%
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Top source countries for Texas
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.91
%112%
2 France0.46
%114%
3 Netherlands0.43
%101%
--Latin America & Other WH
0.56%
193%
-- Mexico0.15
%321%
Top source countries for Texas
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.91
%112%
2 France0.46
%114%
3 Netherlands0.43
%101%
--Latin America & Other WH
0.56%
193%
-- Mexico0.15
%321%
Direct investment share of employment, 2004
Top source countries for Texas
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.91
%112%
2 France0.46
%114%
3 Netherlands0.43
%101%
--Latin America & Other WH
0.56%
193%
-- Mexico0.15
%321%
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Top source countries for Texas’ neighbors
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.46
%112%
2 France0.36
%114%
3 Germany0.30
%101%
--Latin America & Other WH
0.34%
117%
-- Mexico0.02
%40%
Top source countries for Texas’ neighbors
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.46
%112%
2 France0.36
%114%
3 Germany0.30
%101%
--Latin America & Other WH
0.34%
117%
-- Mexico0.02
%40%
Direct investment share of employment, 2004
Top source countries for Texas’ neighbors
Rank
Source countryShar
e
Ratio: share relative to
all-U.S. share
1 United Kingdom0.46
%112%
2 France0.36
%114%
3 Germany0.30
%101%
--Latin America & Other WH
0.34%
117%
-- Mexico0.02
%40%
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BEA-Census link data
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BEA-Census link data
Scroll down
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BEA-Census link data
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BEA-Census link data
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Detailed industry data
Texas manufacturing tables, 1997
NAICS code
IndustryNumber of employees
in foreign-owned establishments
% of all Texas establishment employment
327 Nonmetallic mineral product manufacturing 9,592 27.83271 Clay product and refractory manufacturing 1,733 24.13272 Glass and glass product manufacturing 1,950 37.83273 Cement and concrete product manufacturing 4,233 27.93279 Other nonmetallic mineral products g (D)
Table M2.1 Number and Employment of Foreign-Owned and All U.S. Establishments in Each State, by Detailed Industry
NAICS code
IndustryNumber of employees
in foreign-owned establishments
% of all Texas establishment employment
327 Nonmetallic mineral product manufacturing 9,592 27.83271 Clay product and refractory manufacturing 1,733 24.13272 Glass and glass product manufacturing 1,950 37.83273 Cement and concrete product manufacturing 4,233 27.93279 Other nonmetallic mineral products g (D)
Table M2.1 Number and Employment of Foreign-Owned and All U.S. Establishments in Each State, by Detailed Industry
NAICS code
IndustryNumber of employees
in foreign-owned establishments
% of all Texas establishment employment
327 Nonmetallic mineral product manufacturing 9,592 27.83273 Cement and concrete product manufacturing 4,233 27.932731 Cement manufacturing 728 47.832732 Ready-mix concrete manufacturing 2,035 28.032733 Concrete pipe, brick, and block manufacturing 1,302 48.0
Table M2.1 Number and Employment of Foreign-Owned and All U.S. Establishments in Each State, by Detailed Industry
NAICS code
IndustryNumber of employees
in foreign-owned establishments
% of all Texas establishment employment
327 Nonmetallic mineral product manufacturing 9,592 27.83273 Cement and concrete product manufacturing 4,233 27.932731 Cement manufacturing 728 47.832732 Ready-mix concrete manufacturing 2,035 28.032733 Concrete pipe, brick, and block manufacturing 1,302 48.0
Table M2.1 Number and Employment of Foreign-Owned and All U.S. Establishments in Each State, by Detailed Industry
NAICS code
IndustryNumber of employees
in foreign-owned establishments
% of all Texas establishment employment
327 Nonmetallic mineral product manufacturing 9,592 27.83273 Cement and concrete product manufacturing 4,233 27.932733 Concrete pipe, brick, and block manufacturing 1,302 48.0327331 Concrete block and brick manufacturing 262 22.7327332 Concrete pipe manufacturing 1,040 66.6
Table M2.1 Number and Employment of Foreign-Owned and All U.S. Establishments in Each State, by Detailed Industry
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Detailed industry dataTexas manufacturing, UK
ownership,1997
NAICS code Industry
Number of establishments
Number of employees
31-33 Manufacturing 134 16,951311 Food manufacturing 5 548313 Textile mills 1 c315 Apparel manufacturing 1 c322 Paper manufacturing 2 c323 Printing and related support activities 10 1,148324 Petroleum and coal products manufacturing 4 c325 Chemical manufacturing 26 2,712326 Plastics and rubber products manufacturing 15 1,979327 Nonmetallic mineral product manufacturing 19 1,690331 Primary metal manufacturing 3 478332 Fabricated metal product manufacturing 16 1,935333 Machinery manufacturing 10 1,064334 Computer and electronic product manufacturing 9 1,866335 Electrical equipment and appliance mfg 8 1,587336 Transportation equipment manufacturing 5 g
Table M3.20. Number and Employment of British-Owned Establishments, by State and Industry
NAICS code Industry
Number of establishments
Number of employees
31-33 Manufacturing 134 16,951311 Food manufacturing 5 548313 Textile mills 1 c315 Apparel manufacturing 1 c322 Paper manufacturing 2 c323 Printing and related support activities 10 1,148324 Petroleum and coal products manufacturing 4 c325 Chemical manufacturing 26 2,712326 Plastics and rubber products manufacturing 15 1,979327 Nonmetallic mineral product manufacturing 19 1,690331 Primary metal manufacturing 3 478332 Fabricated metal product manufacturing 16 1,935333 Machinery manufacturing 10 1,064334 Computer and electronic product manufacturing 9 1,866335 Electrical equipment and appliance mfg 8 1,587336 Transportation equipment manufacturing 5 g
Table M3.20. Number and Employment of British-Owned Establishments, by State and Industry
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Detailed industry data
Texas manufacturing, UK ownership,1997 Top 5 industries
NAICS code
IndustryNumber of
establishmentsNumber of employees
31-33 Manufacturing 134 16,951325 Chemical manufacturing 26 2,712
326Plastics and rubber products manufacturing
15 1,979
332 Fabricated metal product manufacturing 16 1,935
334Computer and electronic product manufacturing
9 1,866
327Nonmetallic mineral product manufacturing
19 1,690
Table M3.20. Number and Employment of British-Owned Establishments, by State and Industry
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Other regional data
Direct investment Survey of Current Business article (May
1999) by Shannon, Zeile, Johnson “Regional Patterns in the Location of Foreign-
Owned Manufacturing Establishments” Inward manufacturing at sub-state level One-time study
Link with Census/National Science Foundation R&D spending by state Will be produced for first time using 2004 data
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Direct investment share of employment, 1992
Manufacturing establishments
May 1999
Survey of
Current
Business
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Other regional data
International trade Produced by Census Bureau Some data freely available
e.g., State export data for recent years, Gulf ports data in wake of Katrina
www.census.gov/foreign-trade/www/index.html Some data available at a charge
Detailed state data Detailed port data www.usatradeonline.gov/ www.census.gov/foreign-trade/reference/
products/catalog/elec.html
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Census Bureau trade data
Scroll down
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Census Bureau trade data
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Contact
Dan YorgasonEconomist, Research BranchInternational Investment DivisionBureau of Economic Analysis