"The substantial increase in the complexity of global supply chains and other production arrangements over the last three decades has challenged some traditional measures of national income accounts aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities, including how multinational enterprises arrange their financing and assign ownership of intellectual property to avoid tax and regulatory burdens, and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics, and how new techniques, such as extended supply and use tables, can provide new information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the intangible output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement"--
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.
Recenzijos
[ These papers] examine how economic activity is measured over space and time, considering how globalization has impacted the environment in which measurement is addressed." * Journal of Economic Literature *
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
MNEs 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 Hamb’e, 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
Nadim Ahmad is deputy director at the Organisation for Economic Co-operation and Development Centre for Entrepreneurship, SMEs, Regions, and Cities. Brent R. Moulton is senior economist at the International Monetary Fund. J. David Richardson is professor emeritus in the department of economics at Syracuse University and a research associate of the NBER. Peter van de Ven is former head of national accounts at the Organisation for Economic Co-operation and Development and Lead Editor of the 2008 System of National Accounts.
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