Most governments keep balance of payments statistics on exports and
imports, by value, andconstruct international prices indexes in
order to deflate these statistics. How can intrafirm trade(IFT),
trade between related parties such as multinational enterprises
(MNEs), bias theconstruction of these international price indexes?
Economists have known for many years thatthe prices set by MNEs for
intrafirm transfers -- transfer prices --- are normally not the
prices that would be negotiated between arm's length parties
(Diewert 1985, Eden 1985, Horst 1971).Does transfer pricing bias
the export and import price indexes in any predictable fashion?
Iffirms manipulate transfer prices to avoid taxes or tariffs, what
is the appropriate transfer price touse in constructing export and
import price indexes, in theory and in practice? These issues are
important because related party trade is huge, representing half of
US imports and one-third of US exports, and perhaps a third of
worldwide merchandise trade flows.
General
| Imprint: |
Createspace Independent Publishing Platform
|
| Country of origin: |
United States |
| Release date: |
July 2013 |
| First published: |
July 2013 |
| Authors: |
Lorraine Eden
|
| Dimensions: |
279 x 216 x 3mm (L x W x T) |
| Format: |
Paperback - Trade
|
| Pages: |
64 |
| ISBN-13: |
978-1-4912-1134-2 |
| Categories: |
Books >
Social sciences >
Politics & government >
General
|
| LSN: |
1-4912-1134-2 |
| Barcode: |
9781491211342 |
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