Accounting for the global economy: measuring world trade and investment linkages
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Basingstoke u.a.
Macmillan
1998
|
| Ausgabe: | 1. publ. in Great Britain |
| Schriftenreihe: | International finance and development series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVII, 227 S. graph. Darst. |
| ISBN: | 0333730992 |
Internformat
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| 100 | 1 | |a Luttik, Joke |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Accounting for the global economy |b measuring world trade and investment linkages |c Joke Luttik |
| 250 | |a 1. publ. in Great Britain | ||
| 264 | 1 | |a Basingstoke u.a. |b Macmillan |c 1998 | |
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| 490 | 0 | |a International finance and development series | |
| 650 | 4 | |a Mathematisches Modell | |
| 650 | 4 | |a International trade -- Mathematical models | |
| 650 | 4 | |a National income -- Accounting | |
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Datensatz im Suchindex
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| adam_text | Contents
List of Tables ix
Abbreviations xi
Series Editor s Introduction xiii
Author s Preface xvii
1 Introduction 1
1.1 The World Accounting Matrix and Global Policy Analysis 1
1.2 The Problem Setting 3
Rapid changes in international trade and finance 4
LDCs and international trade and finance 6
Discrepancies in statistics for international trade and finance 7
1.3 What Have Others Done to Solve These Problems? 8
1.4 The Contribution of the WAM: The WAM as a Statistical Tool 10
1.5 The WAM as an Analytical Tool 11
Market shares and economic analysis 11
The WAM as a simple world model 13
The WAM, developing countries and global modelling 14
WAM based analysis in this study 16
1.6 Some General Observations 17
2 Concepts, Definitions and Classifications for the
World Accounting Matrix 19
2.1 Introduction 19
2.2 From National Accounting to World Economic Accounting 20
2.3 General Features of the World Accounting Matrix 22
v
vi Contents
2.4 Units of Analysis 31
Categories of transactors 32
Categories of transactions and stocks 35
Exchange rates 37
2.5 Concluding Remarks 38
3 Data Sources and Data Problems 39
3.1 Introduction 39
3.2 Merchandise Trade 41
3.3 Transport and Other Nonfactor Services 42
3.4 Investment Income, Capital Flows and Stocks 44
Foreign direct investment 45
Other foreign capital 47
3.5 Unrequited Transfers 54
3.6 Net Changes in Reserves and Errors and Omissions 56
3.7 Domestic Transactions 59
3.8 Concluding Remarks 63
4 The Construction of World Accounting Matrices
for 1970, 1975, 1980 and 1985 65
4.1 Introduction 65
4.2 The Mathematical Reconciliation Procedure 67
4.3 The Construction of the Matrices for Merchandise Trade 68
4.4 The Construction of the Matrices for Nonfactor Services 69
4.5 The Construction of the Matrices for Foreign Direct
Investment: Income, Flows and Stocks 71
4.6 The Construction of Matrices for Other Capital: Income, Flows
and Stocks 73
LDC debt 73
Global discrepancy in other capital 78
A geographical network for other capital? 84
4.7 The Construction of Matrices for Unrequited Transfers 85
4.8 The Construction of the Matrices for Domestic Transactions 86
4.9 Concluding Remarks 88
5 A Presentation and Interpretation of the Reconciled
WAMs 91
5.1 Introduction 91
5.2 Two Examples of the Construction of Financial Matrices 92
The construction of the matrix for FD1 income in 1970 92
The computation of EU other investment income received
from the US, 1985 96
5.3 Discrepancies, Reliabilities and the Reconciliation Procedure 104
5.4 Interpretating the Reconciled World Accounting Matrices 108
The allocation of discrepancies in the reconciled WAMs 108
The large deficit on the 1985 US current account 115
5.5 Concluding Remarks 117
6 Global Linkages in the Reconciled WAMs 118
6.1 Introduction 118
6.2 The Distribution of International Transactions 119
The world economy by transaction type 119
The geographical distribution of international transactions 120
The directional flows of international transactions 124
The geographical balances 129
6.3 Some Implications of Biases in International Trade and Finance 133
6.4 Concluding Remarks 139
I Constant Market Share Analysis 142
7.1 Introduction 142
7.2 Constant Market Share Analysis 143
A: Merchandise trade 143
B: Capital inflows (exports of financial liabilities) 145
C: Stocks of foreign debt (accumulated exports of financial
liabilities) 146
7.3 Interpreting the Four Effects 147
7.4 The Results 152
7.5 The World Effect 154
7.6 The Composition Effect 155
The composition effect for merchandise trade 155
The composition effect for capital flows and debt stocks 156
7.7 The Market Effect 159
The market effect for merchandise trade 159
The market effect for capital flows and debt stocks 160
7.8 Competitiveness in International Markets 163
Competitiveness in merchandise trade 163
Competitiveness in international finance: the creditworthiness
effect 164
7.9 Concluding Remarks 166
o Summary and Conclusions 167
8.1 Changes in the World Economy and International
Macroeconomic Statistics 167
8.2 The Data Sources 168
8.3 The Construction Methodology 168
8.4 The Analytical Results 169
8.5 Implications 170
8.6 Statistical Improvements and Further Research 171
Appendices
A2 Appendix to Chapter 2 175
A3 Appendix to Chapter 3 182
A4 Appendix to Chapter 4 184
A5 Appendix to Chapter 5 187
A7 Appendix to Chapter 7 204
Notes 207
References 214
Index 221
List of Tables
2.1 The national accounts for countries W, X, Y and Z 24
2.2 National accounts in matrix format for countries W, X, Y
and Z 26
2.3 International transactions between countries W, X, Y and Z 27
2.4 A world accounting matrix for countries W, X, Y and Z 29
2.5 A world accounting matrix for m countries 30
2.6 An extended world accounting matrix 32
2.7 Disaggregation of transactions, transactors and stocks 33
3.1 Global balance of payments discrepancies 43
3.2 The geographical distribution of errors and omissions 57
3.3 Discrepancies between national accounts and balance of
payments statistics ^°
3.4 Discrepancies between national accounts and balance of
payments statistics (in US ) 62
4.1 Private non guaranteed debt by type of creditor 75
4.2 Implicit interest rates in the DRS 76
4.3 Investment positions, investment income and implicit
interest rates for G 7 countries 79
4.4 Reported investment income and generated investment income 83
5.1 Stages in the construction of the matrix for FDI income, 1970 93
5.2 The computation of EU other investment income from the
US, 1985 97
5.3 Discrepancies in the manually adjusted estimates for 1980 102
5.4 Degree of reliability in the mathematic reconciliation
procedure 106
5.5 The difference between RWAM and BOP by transaction 109
5.6 Differences between RWAM and BOP on the current account 110
5.7 Differences between RWAM and BOP on the capital account 112
5.8 Current account balances in BOP and RWAM 114
6.1 International transactions as a percentage of world GNP 120
ix
x List of Tables
6.2 The geographical distribution of international transactions 121
6.3 The composition of international transactions of LDCs: a 123
6.4 Global linkage in current account transactions (1985): p 126
6.5 Global linkage in capital account transactions (1985): p 127
6.6 Linkage coefficients for LDCs trade and finance: p 128
6.7 Current and capital account balances of LDCs with other
country groups: y 130
6.8 MOE s pairwise balance of payments positions and y 135
6.9 What happens if Japan closes its current account deficit by
an increase in imports 137
6.10 What happens when aid disbursements to OBs double 138
6.11 The pairwise international balances of the US in 1985 139
7.1 Constant market share analysis: core table 153
7.2 Composition effect by category 157
7.3 Constant market shares analysis with LDCs as point
of reference 162
A2.1 Country classification for the World Accounting Matrix 175
A2.2 The ratio official debt to total debt 178
A5.1 Raw matrices: 1970 current and capital accounts 188
A5.2 Raw matrices: 1975 current and capital accounts 190
A5.3 Raw matrices: 1980 current and capital accounts 192
A5.4 Raw matrices: 1985 current and capital accounts 194
A5.5 A reconciled WAM for 1970 196
A5.6 A reconciled WAM for 1975 198
A5.7 A reconciled WAM for 1980 200
A5.8 A reconciled WAM for 1985 202
A7.1 The geographical distribution of the market effect 204
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| indexdate | 2024-07-09T18:18:41Z |
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| isbn | 0333730992 |
| language | English |
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| spelling | Luttik, Joke Verfasser aut Accounting for the global economy measuring world trade and investment linkages Joke Luttik 1. publ. in Great Britain Basingstoke u.a. Macmillan 1998 XVII, 227 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier International finance and development series Mathematisches Modell International trade -- Mathematical models National income -- Accounting Volkswirtschaftliche Gesamtrechnung (DE-588)4063886-8 gnd rswk-swf Internationaler Kreditmarkt (DE-588)4120506-6 gnd rswk-swf Welthandel (DE-588)4065365-1 gnd rswk-swf Volkseinkommen (DE-588)4188516-8 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 gnd rswk-swf Welthandel (DE-588)4065365-1 s Volkswirtschaftliche Gesamtrechnung (DE-588)4063886-8 s DE-604 Internationaler Kreditmarkt (DE-588)4120506-6 s Weltwirtschaft (DE-588)4065468-0 s Volkseinkommen (DE-588)4188516-8 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008062429&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Luttik, Joke Accounting for the global economy measuring world trade and investment linkages Mathematisches Modell International trade -- Mathematical models National income -- Accounting Volkswirtschaftliche Gesamtrechnung (DE-588)4063886-8 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd Welthandel (DE-588)4065365-1 gnd Volkseinkommen (DE-588)4188516-8 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
| subject_GND | (DE-588)4063886-8 (DE-588)4120506-6 (DE-588)4065365-1 (DE-588)4188516-8 (DE-588)4065468-0 |
| title | Accounting for the global economy measuring world trade and investment linkages |
| title_auth | Accounting for the global economy measuring world trade and investment linkages |
| title_exact_search | Accounting for the global economy measuring world trade and investment linkages |
| title_full | Accounting for the global economy measuring world trade and investment linkages Joke Luttik |
| title_fullStr | Accounting for the global economy measuring world trade and investment linkages Joke Luttik |
| title_full_unstemmed | Accounting for the global economy measuring world trade and investment linkages Joke Luttik |
| title_short | Accounting for the global economy |
| title_sort | accounting for the global economy measuring world trade and investment linkages |
| title_sub | measuring world trade and investment linkages |
| topic | Mathematisches Modell International trade -- Mathematical models National income -- Accounting Volkswirtschaftliche Gesamtrechnung (DE-588)4063886-8 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd Welthandel (DE-588)4065365-1 gnd Volkseinkommen (DE-588)4188516-8 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
| topic_facet | Mathematisches Modell International trade -- Mathematical models National income -- Accounting Volkswirtschaftliche Gesamtrechnung Internationaler Kreditmarkt Welthandel Volkseinkommen Weltwirtschaft |
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