Do Unit Value Export, Import, and Terms of Trade Indices Represent Or Misrepresent Price Indices?

Do Unit Value Export, Import, and Terms of Trade Indices Represent Or Misrepresent Price Indices?
Sj1gUkxVVs0C
34
By:"Mick Silver"
"Consumer price indexes"
Published on 2007-05-01 by International Monetary Fund

There is no evidence of long-run (cointegrating) relationships and UVIs are of \u003cbr\u003e\nlittle further help for predicting PIs. Terms of trade indices The concern above was \u003cbr\u003e\nwith bias in UVIs as indicators of \u003cb\u003eimport\u003c/b\u003e and \u003cb\u003eexport\u003c/b\u003e price inflation, as measured \u003cbr\u003e\nby ...

READ NOW

Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is mainly due to their relatively low cost compared with establishment price surveys. This paper provides evidence of substantial bias in their representation of such price changes. Their continued use would mislead economic analysis. The paper considers the efficacy of alternative strategies for their improvement, and argues for a move to establishment-based price surveys.

This Book was ranked 33 by Google Books for keyword export import.

The book is written in enfor NOT_MATURE

Read Ebook Now
true
true

Printed Version of this book available in
BOOK

Availability of Ebook version is falsein true or false

Public Domain Status false

Rating by

SAMPLE

false

To Get More Industrial Export - Import Ebooks Click Here