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Measures of the Real GDP of U.S. Trading Partners: Methodology and Results

Author

Listed:
  • Claudio H. Dos Santos

    (The Levy Economics Institute)

  • Anwar M. Shaikh

    (The Levy Economics Institute & New School University)

  • Gennaro Zezza

    (The Levy Economics Institute & University of Cassino Italy)

Abstract

This paper provides the details of the construction of new quarterly measures of the real GDPs of the 36 U.S. trading partners that are taken into consideration by the Federal Reserve in its "broad exchange rate" indexes. These new measures have some important advantages. First, they allow the construction of various income aggregates and sub-aggregates, which makes it possible, for example, to match the Federal Reserve's "broad," "major-currency," and "other important" trading partner effective exchange rates and, more broadly, to discuss the geographical and geopolitical determinants of U.S. trade. Second, they allow the construction of variants of the two different types of measures that are utilized in the literature, namely direct and export-share-weighted sums of trading-partner real GDPs. Finally, given that our new measures of GDP for these countries can be directly compared to each other, they can be of interest for other researchers who need a consistent dataset on a quarterly basis.

Suggested Citation

  • Claudio H. Dos Santos & Anwar M. Shaikh & Gennaro Zezza, 2003. "Measures of the Real GDP of U.S. Trading Partners: Methodology and Results," International Trade 0309021, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpit:0309021
    Note: Type of Document - word; prepared on PC ; to print on PostScript; pages: 36; figures: included
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    References listed on IDEAS

    as
    1. Wynne Godley, 2000. "Interim Report: Notes on the U.S. Trade and Balance of Payments Deficits," Economics Strategic Analysis Archive 00-01, Levy Economics Institute.
    2. Menzie D. Chinn, 2005. "Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(3), pages 460-485, October.
    3. Karl Whelan, 2000. "A guide to the use of chain aggregated NIPA data," Finance and Economics Discussion Series 2000-35, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Anwar Shaikh & Dimitri B. Papadimitriou & Claudio H. dos Santos & Gennaro Zezza, 2003. "Deficits, Debts and Growth: A Reprieve but not a Pardon," Economics Strategic Analysis Archive 03-10, Levy Economics Institute.
    2. Kohler, Andreas & Ferjani, Ali, 2015. "Exchange rate effects: A case study of the export performance of the Swiss Agriculture and Food Sector," 2015 Conference, August 9-14, 2015, Milan, Italy 212011, International Association of Agricultural Economists.
    3. Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2020. "Prospects and Challenges for the US Economy: 2020 and Beyond," Economics Strategic Analysis Archive sa_jan_20, Levy Economics Institute.
    4. Sinchan Mitra & Tara M. Sinclair, "undated". "Macroeconomic Fluctuations in Emerging Economies: An Unobserved Components Approach," MRG Discussion Paper Series 3911, School of Economics, University of Queensland, Australia.

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    More about this item

    Keywords

    international growth; economic measurement; GDP quarterly estimates;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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