Geography and Ownership as Bases for Economic Accounting

by Baldwin, Robert E.; Lipsey, Robert E.; Richardson, J. David; National Bureau of Economic Research

• ISBN13: 9780226035727
• ISBN10: 0226035727
• Format: Hardcover
• Copyright: 1998-10-15
• Publisher: Univ of Chicago Pr

Summary

Geography and Ownership as Bases for Economic Accountingprovides a forum for leading specialists in trade and international economics to explore whether changes in the world economy have increased the usefulness of international accounts drawn up on the basis of ownership rather than on geography. The papers in this volume suggest that ownership-based national accounts are helpful in understanding trade and financial transactions among globalized enterprises. Individual chapters emphasize this perspective through accounting exercises, studies of individual countries, and studies of foreign direct investment and its relation to national economies. This volume gives trade and international economists the data and resources to renew discussion of this timely issue.

Table of Contents

Prefatory Note	ix
Introduction	1	(8)
Robert E. Baldwin
Robert E. Lipsey
J. David Richardson
1. Measuring U.S. International Goods and Services Transactions	9	(40)
Robert E. Baldwin
Fukunari Kimura
Comment: Guy V.G. Stevens
2. Application of a Nationality-Adjusted Net Sales and Value-Added Framework: The Case of Japan	49	(34)
Fukunari Kimura
Robert E. Baldwin
Comment: Michael G. Plummer
3. Internationalized Production in World Output	83	(56)
Robert E. Lipsey
Magnus Blomstrom
Eric D. Ramstetter
Comment: Raymond J. Mataloni, Jr.
4. Accounting for Outward Direct Investment from Hong Kong and Singapore: Who Controls What?	139	(34)
Linda Low
Eric D. Ramstetter
Henry Wai-Chung Yeung
Comment: Rachel McCulloch
5. Accounting for Chinese Trade: Some National and Regional Considerations	173	(32)
K.C. Fung
Comment: Marcus Noland
6. Imported Inputs and the Domestic Content of Production by Foreign-Owned Manufacturing Affiliates in the United States	205	(30)
William J. Zeile
Comment: David L. Hummels
7. Comparing Wages, Skills, and Productivity between Domestically and Foreign-Owned Manufacturing Establishments in the United States	235	(24)
Mark E. Doms
J. Bradford Jensen
Comment: Keith Head
8. The Significance of International Tax Rules for Sourcing Income: The Relationship between Income Taxes and Trade Taxes	259	(26)
John Mutti
Harry Grubert
Comment: Kristen L. Willard
9. The Effect of U.S. State Tax and Investment Promotion Policy on the Distribution of Inward Direct Investment	285	(30)
Deborah L. Swenson
Comment: Michael Wasylenko
10. A Measure of the Current Account Related to the Well-Being of Japan: Generational Accounts in the Open Economy	315	(20)
Eric O'N. Fisher
Contributors	335	(2)
Author Index	337	(4)
Subject Index	341