The purpose of this study was to analyze the factors influencing direct investment receipts and payments and to make projects of net investment income. The models and techniques used are very similar, although the receipts side is disaggregated by industry, while the payments side is not. The paper is divided into three parts: direct investment receipts are analyzed in Part I, direct investments are analyzed in Part II, and the implications for net direct investment income are discussed in Part III.</jats:p