Challenges of Globalization in the Measurement of National Accounts
Published on 14. July 2023
Book
Hardback
512 pages
978-0-226-82589-2 (ISBN)
Description
An essential collection at the intersection of globalization, production supply chains, corporate finance regulation, and economic measurement.
The substantial increase in the complexity of global supply chains and other production arrangements over the past three decades has challenged some traditional measures of national income account aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics and how new measurement techniques can provide information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore potential ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement.
The substantial increase in the complexity of global supply chains and other production arrangements over the past three decades has challenged some traditional measures of national income account aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics and how new measurement techniques can provide information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore potential ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement.
Reviews / Votes
"[These papers] examine how economic activity is measured over space and time, considering how globalization has impacted the environment in which measurement is addressed." * Journal of Economic Literature *More details
Series
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
Professional and scholarly
Illustrations
120 line drawings, 89 tables
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 43 mm
Weight
880 gr
ISBN-13
978-0-226-82589-2 (9780226825892)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Nadim Ahmad is deputy director at the Organisation for Economic Co-operation and Development Centre for Entrepreneurship, SMEs, Regions, and Cities. Brent R. Moulton is senior economist at the International Monetary Fund. J. David Richardson is professor emeritus in the department of economics at Syracuse University and a research associate of the NBER. Peter van de Ven is former head of national accounts at the Organisation for Economic Co-operation and Development and Lead Editor of the 2008 System of National Accounts.
Content
Prefatory Note
Introduction Nadim Ahmad, Brent R. Moulton, J. David Richardson, and Peter van de Ven
I. Underlying Measurement Challenges
1. Addressing the Challenges of Globalization in National Accounts Brent R. Moulton and Peter van de Ven 2. Meaningful Information for Domestic Economies in the Light of Globalization: Will Additional Macroeconomic Indicators and Different Presentations Shed Light? Silke Stapel-Weber, Paul Konijn, John Verrinder, and Henk Nijmeijer 3. National Accounts for a Global Economy: The Case of Ireland John FitzGerald 4. Eliminating the Pass-Through: Towards FDI Statistics That Better Capture the Financial and Economic Linkages between Countries Maria Borga and Cecilia Caliandro 5. Multinational Profit Shifting and Measures throughout Economic Accounts Jennifer Bruner, Dylan G. Rassier, and Kim J. Ruhl Comment: Stephen J. Redding 6. Strategic Movement of Intellectual Property within US Multinational Enterprises Derrick Jenniges, Raymond Mataloni Jr., Sarah Atkinson, and Yiran Xin
Comment: J. Bradford Jensen 7. The Relationship between Tax Payments and MNE's Patenting Activities and Implications for Real Economic Activity: Evidence from the Netherlands Mark Vancauteren, Michael Polder, and Marcel van den Berg
Comment: Robert E. Yuskavage
II. Global Value Chains for Intermediate Products
8. Accounting Frameworks for Global Value Chains: Extended Supply-Use Tables Nadim Ahmad 9. Accounting for Firm Heterogeneity within US Industries: Extended Supply-Use Tables and Trade in Value Added Using Enterprise and Establishment Level Data James J. Fetzer, Tina Highfill, Kassu W. Hossiso, Thomas F. Howells III, Erich H. Strassner, and Jeffrey A. Young
Comment: Susan N. Houseman 10. The Role of Exporters and Domestic Producers in GVCs: Evidence for Belgium Based on Extended National Supply and Use Tables Integrated into a Global Multiregional Input-Output Table Bernhard Michel, Caroline Hambye, and Bart Hertveldt 11. Measuring Bilateral Exports of Value Added: A Unified Framework Bart Los and Marcel P. Timmer
III. Globally Intangible Capital
12. A Portrait of US Factoryless Goods Producers Fariha Kamal
Comment: Teresa C. Fort 13. R&D Capitalization: Where Did We Go Wrong? Mark de Haan and Joseph Haynes
Comment: Michael Connolly 14. Capturing International R&D Trade and Financing Flows: What Do Available Sources Reveal About the Structure of Knowledge-Based Global Production? Daniel Ker, Fernando Galindo-Rueda, Francisco Moris, and John Jankowski
Comment: Nune Hovhannisyan
Introduction Nadim Ahmad, Brent R. Moulton, J. David Richardson, and Peter van de Ven
I. Underlying Measurement Challenges
1. Addressing the Challenges of Globalization in National Accounts Brent R. Moulton and Peter van de Ven 2. Meaningful Information for Domestic Economies in the Light of Globalization: Will Additional Macroeconomic Indicators and Different Presentations Shed Light? Silke Stapel-Weber, Paul Konijn, John Verrinder, and Henk Nijmeijer 3. National Accounts for a Global Economy: The Case of Ireland John FitzGerald 4. Eliminating the Pass-Through: Towards FDI Statistics That Better Capture the Financial and Economic Linkages between Countries Maria Borga and Cecilia Caliandro 5. Multinational Profit Shifting and Measures throughout Economic Accounts Jennifer Bruner, Dylan G. Rassier, and Kim J. Ruhl Comment: Stephen J. Redding 6. Strategic Movement of Intellectual Property within US Multinational Enterprises Derrick Jenniges, Raymond Mataloni Jr., Sarah Atkinson, and Yiran Xin
Comment: J. Bradford Jensen 7. The Relationship between Tax Payments and MNE's Patenting Activities and Implications for Real Economic Activity: Evidence from the Netherlands Mark Vancauteren, Michael Polder, and Marcel van den Berg
Comment: Robert E. Yuskavage
II. Global Value Chains for Intermediate Products
8. Accounting Frameworks for Global Value Chains: Extended Supply-Use Tables Nadim Ahmad 9. Accounting for Firm Heterogeneity within US Industries: Extended Supply-Use Tables and Trade in Value Added Using Enterprise and Establishment Level Data James J. Fetzer, Tina Highfill, Kassu W. Hossiso, Thomas F. Howells III, Erich H. Strassner, and Jeffrey A. Young
Comment: Susan N. Houseman 10. The Role of Exporters and Domestic Producers in GVCs: Evidence for Belgium Based on Extended National Supply and Use Tables Integrated into a Global Multiregional Input-Output Table Bernhard Michel, Caroline Hambye, and Bart Hertveldt 11. Measuring Bilateral Exports of Value Added: A Unified Framework Bart Los and Marcel P. Timmer
III. Globally Intangible Capital
12. A Portrait of US Factoryless Goods Producers Fariha Kamal
Comment: Teresa C. Fort 13. R&D Capitalization: Where Did We Go Wrong? Mark de Haan and Joseph Haynes
Comment: Michael Connolly 14. Capturing International R&D Trade and Financing Flows: What Do Available Sources Reveal About the Structure of Knowledge-Based Global Production? Daniel Ker, Fernando Galindo-Rueda, Francisco Moris, and John Jankowski
Comment: Nune Hovhannisyan