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Challenges of Globalization in the Measurement of National Accounts
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Challenges of Globalization in the Measurement of National Accounts

Edited by Nadim Ahmad, Brent R. Moulton, J. David Richardson, and Peter van de Ven

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Challenges of Globalization in the Measurement of National Accounts

Edited by Nadim Ahmad, Brent R. Moulton, J. David Richardson, and Peter van de Ven

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.

512 pages | 120 line drawings, 89 tables | 6 x 9 | © 2023

National Bureau of Economic Research Studies in Income and Wealth

Economics and Business: Economics--General Theory and Principles, Economics--International and Comparative

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Table of Contents

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 Hambÿe, 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

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