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- W2470472789 abstract "Increased offshoring by U.S. companies has put international trade measurement issues on the front burner for growth and trade economists, and national accountants. Using an industry production account for the U.S. economy covering 1998-2011 to assess the impact on the industry sources of growth and productivity, we investigate two concerns raised in the literature on offshoring bias: 1) the allocation of imported goods between intermediates and final demand, and 2) the prices paid by U.S. producers for imports. First, we construct a set of Import “Use” tables using a concordance of harmonized trade data to end-use categories and compare this approach to methods currently used by the BEA. Second, we document the role of import prices in the accounts and compare the industry sources of growth under prices that reflect somewhat different underlying assumptions. We detail the impact of these treatments of imports on the measured growth of the Computer and electronics manufacturing industry– an important driver of U.S productivity growth over the period–but also an industry where concerns have been raised about measurement biases. Finally, we compare growth and productivity estimates for broad sectors in the economy, including industries that use information technology relatively intensively." @default.
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- W2470472789 date "2013-01-01" @default.
- W2470472789 modified "2023-09-27" @default.
- W2470472789 title "Imports and Estimates of Industry Growth and Productivity" @default.
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