armoa garcia, roger roman (2025): Discrepancias metodológicas en las estadísticas de inversión extranjera directa en Paraguay: Un análisis BCP–CEPAL.
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Abstract
This article analyzes the methodological differences in the estimation of foreign direct investment (FDI) in Paraguay, comparing the approaches used by the Central Bank of Paraguay (BCP) and the Economic Commission for Latin America and the Caribbean (ECLAC). It discusses how the statistical approach of the BCP—which incorporates the directional principle to calculate net FDI flows—contrasts with ECLAC’s approach based on assets and liabilities (gross FDI inflows). These methodological divergences have resulted in significant discrepancies in the reported FDI figures for Paraguay in recent years. The article examines concrete examples of these differences, their causes (such as the availability of definitive data), and their implications for economic analysis and policymaking. It concludes by emphasizing the importance of harmonizing criteria and understanding the definitions used when interpreting FDI statistics, in order to improve decision-making in international economics and investment policy.
Item Type: | MPRA Paper |
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Original Title: | Discrepancias metodológicas en las estadísticas de inversión extranjera directa en Paraguay: Un análisis BCP–CEPAL |
English Title: | Methodological discrepancies in foreign direct investment statistics in Paraguay: A BCP–ECLAC analysis |
Language: | Spanish |
Keywords: | Foreign direct investment, statistical methodology, Central Bank of Paraguay, ECLAC, Paraguay |
Subjects: | C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O19 - International Linkages to Development ; Role of International Organizations |
Item ID: | 126064 |
Depositing User: | M.S. Roger roman armoa garcia |
Date Deposited: | 06 Sep 2025 10:24 |
Last Modified: | 06 Sep 2025 14:34 |
References: | Banco Central del Paraguay. (2025). Nota técnica sobre las estimaciones de inversión directa del BCP y su utilización en el informe de la CEPAL. Asunción: BCP. Banco Central del Paraguay. (2025). Anexo estadístico del Informe Económico: Balanza de pagos (MBP6), cuadros 39, 41 y 42. Asunción: BCP. Recuperado de https://www.bcp.gov.py/ Comisión Económica para América Latina y el Caribe (CEPAL). (2025). La Inversión Extranjera Directa en América Latina y el Caribe, 2025. Santiago de Chile: CEPAL. Comisión Económica para América Latina y el Caribe (CEPAL). (2023). La Inversión Extranjera Directa en América Latina y el Caribe, 2023. Santiago de Chile: CEPAL. Recuperado de https://repositorio.cepal.org/handle/11362/49065 Comisión Económica para América Latina y el Caribe (CEPAL). (2024). La Inversión Extranjera Directa en América Latina y el Caribe, 2024. Santiago de Chile: CEPAL. Recuperado de https://repositorio.cepal.org/handle/11362/50732 Fondo Monetario Internacional. (2009). Manual de Balanza de Pagos y Posición de Inversión Internacional (Sexta edición, MBP6). Washington, DC: FMI. Recuperado de https://www.imf.org/external/pubs/ft/bop/2007/bopman6s.pdf Fondo Monetario Internacional. (2016). Guía de compilación del MBP6: Balanza de Pagos y Posición de Inversión Internacional. Washington, DC: FMI. Recuperado de https://www.imf.org/external/pubs/ft/bop/2016/pdf/Guidespa.pdf International Monetary Fund. (2014). Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), Chapter 10: The Financial Account. Washington, DC: IMF. Recuperado de https://www.imf.org/external/pubs/ft/bop/2014/pdf/BPM6_10F.pdf Lane, P. R., & Milesi-Ferretti, G. M. (2018). The External Wealth of Nations Revisited: International Financial Integration in the Aftermath of the Global Financial Crisis. IMF Economic Review, 66(1), 189–222. https://doi.org/10.1057/s41308-017-0048-y UNCTAD. (2022). World Investment Report 2022: International tax reforms and sustainable investment. New York and Geneva: United Nations. Recuperado de https://unctad.org/webflyer/world-investment-report-2022 |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/126064 |