International Investment-Income Determination in INTERLINK Models for 23 OECD Countries and Six Non-OECD Regions

This paper presents the specification of an investment-income model for 23 OECD countries and six non-OECD regions. The basic structure of the model -- an effective rate of return applied to the stock of foreign assets and liabilities -- is relatively simple and straightforward. A central distinctio...

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Bibliographic Details
Main Author: Coe, David T.
Other Authors: Herd, Richard, Bonnefous, Marie-Christine
Format: eBook
Language:English
Published: Paris OECD Publishing 1987
Series:OECD Economics Department Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:This paper presents the specification of an investment-income model for 23 OECD countries and six non-OECD regions. The basic structure of the model -- an effective rate of return applied to the stock of foreign assets and liabilities -- is relatively simple and straightforward. A central distinction is made between dollar and non-dollar denominated foreign assets and liabilities and matrices giving estimates of the currency composition of these stocks are reported. Estimation and simulation results for the investment-income model are presented ..
Physical Description:54 p. 21 x 29.7cm