International Economic Transactions : Issues in Measurement and Empirical Research / Peter Hooper, David Richardson.

Format:

Book

Contributor:

Hooper, Peter, Editor.

Richardson, David, Editor.

Series:

Studies in income and wealth ; v. 55.

National Bureau of Economic Research Studies in Income and Wealth ; 55

Language:

English

Subjects (All):

International economic relations--Statistical methods.

International economic relations.

Physical Description:

1 online resource (512 pages) : illustrations.

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, [2009]

Language Note:

English

Summary:

How the government arrives at its official economic statistics deeply influences the lives of every American. Social Security payments and even some wages are linked to import prices through official inflation rates; special measures of national product are necessary for valid comparisons of vital social indicators such as relative standards of living and relative poverty. Poor information can result in poor policies. And yet, federal statistics agencies have been crippled by serious budget cuts-and more cuts may lie ahead. Questioning the quality of current data and analytical procedures, this ambitious volume proposes innovative research designs and methods for data enhancement, and offers new data on trade prices and service transactions for future studies. Leading researchers address the measurement of international trade flows and prices, including the debate over measurement of computer prices and national productivity; compare international levels of manufacturing output; and assess the extent to which the United States has fallen into debt to the rest of the world.

Contents:

Frontmatter

Contents

Prefatory Note

Introduction

1. Comparing International Trade Data and Product and National Characteristics Data for the Analysis of Trade Models

2. Computers and the Trade Deficit: The Case of the Falling Prices

3. Quality Issues Affecting the Compilation of the U.S. Merchandise Trade Statistics

4. Price Trends in U.S. Tirade: New Data, New Insights

5. Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods

6. Developing a Data System for International Sales of Services Progress, Problems, and Prospects

7. Evolving Patterns of Trade and Investment in Services

8. Financial Flows versus Capital Spending Alternative Measures of U.S.-Canadian Investment and Trade in the Analysis of Taxes

9. The Adequacy of U.S. Direct Investment Data

10. Issues in Measurement and International Comparison of Output Growth in Manufacturing

11. Macroeconomic Convergence International Transmission of Growth and Technical Progress

12. The International Comparison Program Current Status and Problems

Concluding Observations

Contributors

Author Index

Subject Index

Notes:

"Preliminary versions of the papers and discussions contained in this volume were presented at two conferences, held in August 1988 in Cambridge, Massachusetts, and November 1989 in Washington, D.C."

Includes bibliographical references and indexes.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)

ISBN:

9780226351384

0226351386

OCLC:

1135585577