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General structure of the FATS Survey

General structure of the FATS Survey. Main recommendations: Manual on Statistics of International Trade in Services Handbook of Economic Globalisation Indicators Statistics compiled : International trade globalisation Activities of Multinational Enterprises.

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General structure of the FATS Survey

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  1. General structure of the FATS Survey • Main recommendations: • Manual on Statistics of International Trade in Services • Handbook of Economic Globalisation Indicators • Statistics compiled: • International trade globalisation • Activities of Multinational Enterprises

  2. General structure of the FATS Survey • Groups of Multinational companies • Inward companies – Domestic companies controlled by foreign parents • Outward companies – Domestic companies controlling foreign affiliates • Inward-Outward companies – Domestic companies having foreign subsidiaries and also controlled by foreign parents

  3. General structure of the FATS Survey • Majority ownership criterion • Direct Inward/Outward companies • Domestic Parent groups • Domestic Inward groups • Foreign Parent and CAs Groups (only partial)

  4. General structure of the FATS Survey All relevant variables classified by: • Countries • Industries – ISIC – Two digits level

  5. Population of the survey • The MBR (Multinational Business Register) A register of multinational enterprises operating in Israel was created and the survey was based on the population covered by the register

  6. Population of the survey • The MBR includes: • Direct Inward/Outward companies • Domestic companies linked upward or downward to direct Outward companies by a +50% ownership (Domestic Parent Group)

  7. Population of the survey • Domestic companies linked downward to direct Inward companies in the same way (subsidiaries of direct Inward companies) • Affiliates abroad, directly controlled by domestic Outward companies and foreign parents of domestic Inward companies It may be a lack of coverage of companies linked to direct Inward/Outward companies, specially regarding foreign enterprises

  8. Sources of data • The Business Registry Office, where companies must register their names, main occupation and details on owners of shares • CBS Central Business Register • Israel Securities Authority • Tel-Aviv Stock Exchange • Companies engaged in business information and data bases, as D&B, BDI, etc • Press information

  9. FATS Variables – International Trade • Total exports and imports of goods and services, by Inward and Outward domestic companies, classified by countries and industries.

  10. FATS Variables – International Trade • International trade of Inward companies, distributed according to trade partners abroad, as follows: • Foreign parent group • Other affiliates abroad • Other (non-affiliates) foreign residents

  11. FATS Variables – International Trade • International trade of Outward companies, distributed according to trade partners, as follows: • CAs abroad • Other affiliates abroad • Other (non-affiliates) foreign residents

  12. FATS Variables – International Trade • Sales of goods and services by subsidiaries abroad of domestic Outward companies, classified by country of sales.

  13. FATS Variables – AMNE • Value added • Output • Employment All these variables related to Inward and Outward companies and classified by industries

  14. The sample • The sample was based on : • Industries according to ISIC two digits level • Size of companies according to turnover

  15. Computation of estimates • International Trade • Total exports and imports of goods • Reports from companies in the sample • Annual customs’ data on a company basis of exports and imports of goods – BOP adjusted

  16. Computation of estimates • Total exports and imports of services • Reports from companies in the sample • Exports – Exempted VAT data revenues combined with customs’ data on exports of goods and analysis in a company level for amounts exceeding a defined threshold • Imports – ITRS data adjusted by preliminary total import figures of the EBOPS sample survey • End of year 2006: Results of the new EBOPS survey are expected

  17. Computation of estimates • Intra-firm trade and trade with unaffiliated foreigners • Reports from the companies in the sample and grossing-up according to total exports and imports in each industry and size group • Sales of goods and services by CAs abroad • Reports from the companies in the sample (additional request) and grossing-up by industry and turnover of parents

  18. Main findings

  19. Main findings

  20. Main findings

  21. Main problems in data reporting • Consolidated data excluding subsidiaries abroad • Imports by countries • Sales of goods and services by foreign subsidiaries

  22. Recommendations for expansion in future surveys • Complementary data to FDI • If expanding of CAs abroad is heavy financed by credit in host countries, instead of FDI: FDI may not be well related to total activities of CAs abroad • Additional indicator suggested: Total assets of CAs abroad = Total foreign controlled assets by parent domestic companies

  23. Recommendations for expansion in future surveys • This last variable will be closer related to the level of subsidiaries’ activities abroad independently of the financing scheme adopted by the enterprise • FDI results – Could be misleading in comparing: Countries – Periods of time – Inward and Outward FDI

  24. Recommendations for expansion in future surveys • Additional use: Share of foreign controlled assets financed by “external” as opposed to “internal’’ funds.

  25. Recommendations for expansion in future surveys • Outsourcing of production abroad Only Outsourcing of production that is related to activities of Inward or Outward companies are currently included

  26. Some final remarks • Exclusion of variables that may be estimated by administrative files • Improvement in collection of data on other variables, as UBO, additional activities of subsidiaries abroad, total assets of these subsidiaries, etc.

  27. Thank you

  28. Computation of estimates • Activities of Multinational Enterprises • Output • Reports from companies in the sample • Income Tax data • VAT data • Change in stocks of finished goods and work-in-progress – Industry basis – CBS Business Department

  29. Computation of estimates • Value Added • Reports from the companies in the sample and grossing-up according to industry and turnover • Indirect taxes: On an industry basis according to averages from the CBS Business Department

  30. Computation of estimates • Employment • Reports from companies in the sample • Data from the National Insurance Institution

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