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Disaggregated international trade prices

Author

Listed:
  • Temere, Dawit Sisay

    (Modelgroup, Statistics Denmark)

Abstract

This paper presents new annual price indices for imports and exports of OECD countries classified by SITC system. The paper uses detailed SITC data from the OECD international trade by commodity statistics database. The price indices at 1-digit SITC are constructed by aggregating unit values at the most detailed SITC level. Before aggregation, the unit values at the detailed level are filtered for outliers using the Hidiroglou-Berthelot method. The final price indices depend on the choice of index formula: Paasche, Laspeyres or Fisher chain index. The Paasche and Laspeyres chain price indices have downward and upward biases, respectively. There is a lot of volatility in the detailed unit values which makes it natural to prefer the Fisher index that is a geometric mean of the Paasche and Laspeyres indices.

Suggested Citation

  • Temere, Dawit Sisay, 2016. "Disaggregated international trade prices," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2016(1), pages 1-15.
    • Handle: RePEc:hhs:jdaecn:0023
    as

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    References listed on IDEAS

    as
    1. Mick Silver, 2007. "Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?," IMF Working Papers 2007/121, International Monetary Fund.
    2. Guillaume Gaulier & Julien Martin & Isabelle Méjean & Soledad Zignago, 2008. "International Trade Price Indices," Working Papers 2008-10, CEPII research center.
    3. Martine Durand & Christophe Madaschi & Flavia Terribile, 1998. "Trends in OECD Countries' International Competitiveness: The Influence of Emerging Market Economies," OECD Economics Department Working Papers 195, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F10 - International Economics - - Trade - - - General

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