The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

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? by Mick Silver
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
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.
International Monetary Fund; May 2007
34 pages; ISBN 9781452739021
Read online, or download in secure EPUB or secure PDF format
Title: Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?
Author: Mick Silver