Multinational Firms in the U.S. Economy: Insights from Newly Integrated Microdata

Fariha Kamal, Jessica McCloskey and Wei Ouyang

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: This paper describes the construction of two confidential crosswalk files enabling a comprehensive identification of multinational rms in the U.S. economy. The effort combines firm-level surveys on direct investment conducted by the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau's Business Register (BR) spanning the universe of employer businesses from 1997 to 2017. First, the parent crosswalk links BEA firm-level surveys on U.S. direct investment abroad and the BR. Second, the affiliate crosswalk links BEA firm-level surveys on foreign direct investment in the United States and the BR. Using these newly available links, we distinguish between U.S.- and foreign-owned multinational firms and describe their prevalence and economic activities in the national economy, by sector, and by geography.

Keywords: multinational rms; records matching; machine learning (search for similar items in EconPapers)
JEL-codes: F10 F14 F23 (search for similar items in EconPapers)
Pages: 68 pages
Date: 2022-09
New Economics Papers: this item is included in nep-big and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://www2.census.gov/ces/wp/2022/CES-WP-22-39.pdf First version, 2022 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:22-39

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