A globally consistent framework for reliability-based trade statistics reconciliation in the presence of an entrepôt
This paper develops a mathematical programming model to reconcile trade statistics subject to a set of global consistency conditions in the presence of an entrepôt. Initial data reliability serves a key function for governing the magnitude of adjustment. Through a two-stage optimization procedure, the adjusted trade statistics are achieved as solutions to a system of simultaneous equations that minimize a quadratic penalty function. As an empirical illustration, the model is applied to reconcile the 2004 trade statistics reported by China, Hong Kong and their major trading partners, initialized with detailed estimates of bilateral trade flows, re-export markups, cif/fob ratios and data reliability indexes.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- K. C. Fung, 1998.
"Accounting for Chinese Trade: Some National and Regional Considerations,"
in: Geography and Ownership as Bases for Economic Accounting, pages 173-204
National Bureau of Economic Research, Inc.
- K.C. Fung, 1996. "Accounting for Chinese Trade: Some National and Regional Considerations," NBER Working Papers 5595, National Bureau of Economic Research, Inc.
- Golan, Amos & Judge, George & Robinson, Sherman, 1994. "Recovering Information from Incomplete or Partial Multisectoral Economic Data," The Review of Economics and Statistics, MIT Press, vol. 76(3), pages 541-49, August.
- Robert C. Feenstra & Gordon H. Hanson, 2004.
"Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm,"
NBER Working Papers
10198, National Bureau of Economic Research, Inc.
- Robert C. Feenstra & Gordon H. Hanson, 2005. "Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm," The Quarterly Journal of Economics, Oxford University Press, vol. 120(2), pages 729-761.
- Robert C. Feenstra & Wen Hai & Wing T. Woo & Shunli Yao, .
"The U.S.-China Bilateral Trade Balance: It'S Size And Determinants,"
Department of Economics
98-09, California Davis - Department of Economics.
- Robert C. Feenstra & Wen Hai & Wing T. Woo & Shunli Yao, 1998. "The US-China Bilateral Trade Balance: Its Size and Determinants," NBER Working Papers 6598, National Bureau of Economic Research, Inc.
- Wing Thye Woo & Robert Feenstra & Wen Hai & Shunli Yao, 2003. "The U.S.-China Bilateral Trade Balance: It'S Size And Determinants," Working Papers 989, University of California, Davis, Department of Economics.
- Richard Stone & D. G. Champernowne & J. E. Meade, 1942. "The Precision of National Income Estimates," Review of Economic Studies, Oxford University Press, vol. 9(2), pages 111-125.
- Weale, Martin, 1985. "Testing Linear Hypotheses on National Account Data," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 685-89, November.
- Gordon H. Hanson & Robert C. Feenstra, 2001.
"Intermediaries in Entrepot Trade: Hong Kong Re-Exports of Chinese Goods,"
NBER Working Papers
8088, National Bureau of Economic Research, Inc.
- Robert C. Feenstra & Gordon H. Hanson, 2004. "Intermediaries in Entrepot Trade: Hong Kong Re-Exports of Chinese Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 13(1), pages 3-35, 03.
- Robert C. Feenstra, 1999. "Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade," American Economic Review, American Economic Association, vol. 89(2), pages 338-343, May.
- Gehlhar, Mark, 1996. "Reconciling Bilateral Trade Data for Use in GTAP," GTAP Technical Papers 313, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
- Paul Krugman, 1995. "Growing World Trade: Causes and Consequences," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 327-377.
- K.C. Fung & LawrenceJ. Lau & Yanyan Xiong, 2006. "Adjusted Estimates Of United States-China Bilateral Trade Balances: An Update," Pacific Economic Review, Wiley Blackwell, vol. 11(3), pages 299-314, October.
- John W. Schindler & Dustin H. Beckett, 2005. "Adjusting Chinese bilateral trade data: how big is China's trade surplus," International Finance Discussion Papers 831, Board of Governors of the Federal Reserve System (U.S.).
- Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685.
When requesting a correction, please mention this item's handle: RePEc:eee:chieco:v:21:y:2010:i:1:p:161-189. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If references are entirely missing, you can add them using this form.