By Robert E. Baldwin, Robert E. Lipsey, David Richardson
This quantity offers exchange and overseas economists the knowledge and assets to resume dialogue of this well timed issue.
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Sales of goods and services is $735,018 million. S. S. exports shipped by USAFFs from total sales by USAFFs. The 1991 estimate of this figure is $1,038,783 million. Data on sales among USAFFs are not available. S. sales of goods and services to USAFFs is -$303,765 million. 1). The conventional cross-border trade balance in 1991 was -$27,920 million, as shown at the bottom of the table. The estimates of net sales by Americans to foreigners for 1987, 1988, 1989, 1990, and 1992 are -$7 1,902, -$26,058, -$5,697, $12,796, and $46,362 million, respectively.
Revised 1990 estimates. : Government Printing Office. [FAUSF90] . 1994a. Foreign direct investment in the United States: 1992 Benchmark survey, preliminary results. : Government Printing Office. [USAFF92] . 1994b. Foreign direct investment in the United States: Operations of U S . affiliates of foreign countries. Revised 1991 estimates. : Government Printing Office. [USAFF91] . 1994c. S. S. purent companies and their foreign affiliates. Preliminary 1992 estimates. : Government Printing Office. [FAUSF92] .
If technological know-how and managerial ability are major determinants of firms’ competitiveness in international markets, these data may be more appropriate for analyzing international activities by nationality than cross-border trade balances alone. S. S. S. cross-border exports and sales by FAUSFs. S. S. S. S. cross-border imports and sales of USAFFs. Data on sales among USAFFs or between FAUSFs and USAFFs are unfortunately not available. A major difficulty in estimating nationality-adjusted net sales balances by industry arises in trying to estimate purchases of FAUSFs and USAFFs.