| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w26373
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| 来源ID | Working Paper 26373
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| Unit Values for Import and Export Price Indexes \u2013 A Proof of Concept |
| Don Fast; Susan Fleck
|
| 发表日期 | 2019-10-21
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | The U.S. Bureau of Labor Statistics’ import and export price indexes (MXPI) are published from an ever decreasing sample relative to the size of trade. The Principal Federal Economic Indicator has an opportunity to retain and regain detailed MXPI using unit values calculated from comprehensive administrative trade data. Unit values are known to be biased, although bias is less prevalent among homogeneous products. This research presents a new methodological and statistical approach to blend unit values into official price indexes. First, a proof of concept for identifying homogeneous items is based on an analysis of two export products – dairy and vegetables – for 2015-16. The results provide a prototype and a roadmap for a consistent and testable approach that aligns with the concepts in official MXPI measures, maximizes the use of high-frequency data, and mitigates unit value bias. Applying the prototype, 52 of 142 import and 50 of 129 export 5-digit BEA End Use categories are identified as homogeneous using administrative data. This coverage accounts for 35 and 39 percent of the 2016 value of imports and exports, respectively. Incorporating unit values has the potential to deepen coverage and expand publication of detailed import and export price indexes. |
| 主题 | Macroeconomics
; Business Cycles
; International Economics
; Trade
; International Finance
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| URL | https://www.nber.org/papers/w26373
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584047
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推荐引用方式
GB/T 7714 |
Don Fast,Susan Fleck. Unit Values for Import and Export Price Indexes \u2013 A Proof of Concept. 2019.
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文件名：
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w26373.pdf
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格式：
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Adobe PDF
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