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BEA Initiatives to Improve and Interpret Its Statistics on Trade in Services and Global Production

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  • Fetzer, James

Abstract

This paper describes recent advances in research by the U.S. Bureau of Economic Analysis (BEA) to better measure and analyze trade in services and global production. To provide new information on how services are supplied, BEA has prepared exploratory estimates of U.S. international services categorized by mode of supply and has begun to collect information on modes of supply from BEA survey respondents. BEA has also conducted research on the strategic movement of intellectual property assets by multinational enterprises (MNEs) and how it affects national and international economic accounts. One part of this research explores how large an impact this activity might have on measures such as U.S. domestic production, trade in services, and direct investment income. Another part of this research explores how U.S. MNEs use transfer pricing under cost sharing agreements to shift profits abroad. To better measure the globalization of production by domestic firms, BEA has also explored several approaches to creating supply-use tables extended by firm type that better illustrate heterogeneity in production by different types of firms in the same industry.

Suggested Citation

  • Fetzer, James, 2018. "BEA Initiatives to Improve and Interpret Its Statistics on Trade in Services and Global Production," Conference papers 332932, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332932
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    References listed on IDEAS

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    1. Raymond Mataloni & Kim Ruhl & Dylan Rassier & Fatih Guvenen, 2016. "Offshore Profit Shifting and Domestic Productivity Measurement," 2016 Meeting Papers 1382, Society for Economic Dynamics.
    2. Jennifer Bruner & Dylan G. Rassier & Kim J. Ruhl, 2018. "Multinational Profit Shifting and Measures throughout Economic Accounts," NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 153-205, National Bureau of Economic Research, Inc.
    3. J. Bradford Jensen, 2011. "Global Trade in Services: Fear, Facts, and Offshoring," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6017, October.
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