Exploring the accuracy of international trade statistics
AbstractThis study provides a comprehensive investigation of statistical discrepancies in generally accepted international trade figures published by the IMF between 1948 and 1994. We calculated export over- and underestimation for each country and all of their bilateral trading partners. By keeping totals for over- and underestimation in separate categories we avoided the cancellation effect of aggregating positive and negative discrepancies among partner countries. In general, the results show a significant improvement in the quality of trade data over time. However for many countries, relatively large discrepancies still exist that defy technical explanations, such as the CIF-FOB margins. Also, because export over- and underestimation coexist for most of the countries at varying degrees, use of the aggregate sum of the discrepancy might disguise the actual magnitude of the problem. A significant difference exists in the relative magnitude and dispersion of trade discrepancies between OECD countries and non-OECD countries. Trend analysis suggests that the accuracy of trade data is improving at a faster rate in the non-OECD than in the OECD countries.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 30 (1998)
Issue (Month): 12 ()
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- M. del Mar Rubio Varas & Mauricio Folchi, 2005. "On the accuracy of Latin American trade statistics: A nonparametric test for 1925," Economics Working Papers 879, Department of Economics and Business, Universitat Pompeu Fabra.
- Hamanaka, Shintaro, 2011. "Utilizing the Multiple Mirror Technique to Assess the Quality of Cambodian Trade Statistics," Working Papers on Regional Economic Integration 88, Asian Development Bank.
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