Measuring U.S. International Goods and Services Transactions
In: Geography and Ownership as Bases for Economic Accounting
In order to better capture the close relationship between firms' cross-border trading activities and the sales and purchasing activities of their foreign affiliates, this paper proposes supplementary accounting formats that classify cross-border and foreign affiliate activities on an ownership basis, in contrast to the residency approach followed in the balance-of-payments accounts. One format combines net cross-border sales by Americans to foreigners, net sales by foreign affiliates of U.S. firms to foreigners, and net sales of U.S. firms to U.S. affiliates of foreign firms to yield a figure that indicates net sales by Americans to foreigners. Another accounting format measures the value-added embodied in cross-border and foreign affiliate activities on an ownership basis. U.S. cross- border and foreign affiliate activities based on these two approaches are presented and analyzed for the period, 1987-1992. In addition, data by industry are presented in these formats.
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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.:
- Robert E. Lipsey, 1992. "Foreign Direct Investment in the U.S.: Changes Over Three Decades," NBER Working Papers 4124, National Bureau of Economic Research, Inc.
- Harry P. Bowen & Leo Sveikauskas, 1992.
"Judging Factor Abundance,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 107(2), pages 599-620.
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