Abstract
The paper focuses on net external assets (NEA) in developed and transition countries in 1995, 2000, and 2005. The net international investment position is used as the main NEA indicator. In addition, alternative NEA estimates for developed countries are based on the cumulated current account, the cumulated financial and capital accounts, and the net factor income from abroad. The NEA estimates are divided by the gross domestic product (GDP) based on the U.S. dollar exchange rate. We identify the most important net creditors and net debtors, for which we study the average behavior of the real product growth, the unemployment rate, and the inflation rate among developed countries. We conclude that all the given estimates of NEA are good but imperfect.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
