Skip to main content
Article thumbnail
Location of Repository

Report on the State of Available Data for the Study of International Trade and Foreign Direct Investment

By Robert C. Feenstra, Robert E. Lipsey, Lee G. Branstetter, C. Fritz Foley, James Harrigan, J. Bradford Jensen, Lori Kletzer, Catherine Mann, Peter K. Schott and Greg C. Wright

Abstract

This report, prepared for the Committee on Economic Statistics of the American Economic Association, examines the state of available data for the study of international trade and foreign direct investment. Data on values of imports and exports of goods are of high quality and coverage, but price data suffer from insufficient detail. It would be desirable to have more data measuring value-added in trade as well as prices of comparable domestic and imported inputs. Value data for imports and exports of services are too aggregated and valuations are questionable, while price data for service exports and imports are almost non-existent. Foreign direct investment data are of high quality but quality has suffered from budget cuts. Data on trade in intellectual property are fragmentary. The intangibility of the trade makes measurement difficult, but budget cuts have added to the difficulties. Modest funding increases would result in data more useful for research and policy analysis.

OAI identifier:

Suggested articles

Citations

  1. (1997). Are Producer Prices Good Proxies for Export Prices?” Monthly Labor Review,
  2. (1953). Commodity Trade Statistics, January to
  3. (1961). Commodity Trade Statistics, January to December,
  4. (2009). Economists Seek to Fix a Defect
  5. (2009). Evaluating Estimates of Materials Offshoring from U.S.
  6. (1997). Explaining Domestic Content: Evidence from Japanese and U.S. Automobile Production in the United States,”
  7. (2008). Exports and Imports from Production and Expenditure Approaches and Associated Price Indices Using an Artificial Dataset”, Chapter 20 in the International Monetary Fund Revised Manual for the Export and Import Price Indices
  8. (2004). General Accounting Office, “Current Government Data Provide Limited Insight into Off-shoring of Services,”
  9. (1999). How Price Indexes Affect BLS Productivity Measures”, Bureau of Labor Statistics Feenstra,
  10. (2009). Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods”
  11. (1998). Index Number Issues in the Consumer Price Index,”
  12. International Merchandise Trade Statistics Compilers Manual, United Nations,
  13. (1999). International Trade Price Indexes and Seasonal Commodities.
  14. (2008). Measuring the Location of Production in a World of Intangible Productive Assets, FDI, and Intra-firm Trade,” Review of Income and Wealth, forthcoming,
  15. (2007). Off-shoring: An Elusive Phenomenon”, “Off-shoring: How Big Is It?”, “Off-shoring: What Are Its Effects?” and summary document,
  16. (2005). Offshoring Services: Recent Developments and
  17. (2009). Producing an Input Price Index,”
  18. (2006). Services Offshoring Working Group,
  19. (2008). System of National Accounts,
  20. (2007). the Real
  21. (2006). Transfer Pricing by US-Based Multinationals,” working paper.
  22. (2002). U.S. international services, cross-border trade in
  23. (1981). Washington, DC, Bureau of Economic Analysis, April,
  24. (2005). World Trade Flows: 1962-2000,” NBER working paper no.

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.