Rafael L. Myro-Sanchez, Ph.D. and Carlos M. Fernandez-Otheo, Ph., D. Economia Aplicada II, Universidad Complutense de Madrid, Facultad de Ciencias Economicas y Empresariales, Pozuelo de Alarcon, Madrid, 28223, Spain
Profitability of FDI inward and outward flows for Spain are estimated and analyzed in this paper, using EUROSTAT and domestic data. Levels and patterns of evolution are examined and compared with those for other developed countries belonging to OECD, in order to draw some conclusions with respect the nature of factors behind recent changes in the dynamic of flows. Return rates of both inward and outward flows reveal to be lower than for other countries. However, the last of them are higher, helping to justify the current lender position of the Spanish economy.