Most governments keep balance of payments statistics on exports and
imports by value, and construct international price indexes in
order to deflate these statistics. How can intrafirm trades, trade
between related parties, bias the construction of these
international price indexes? Does transfer pricing, the price of
products traded between related party firms, bias the export and
import price indexes in any predictable fashion? If firms
manipulate transfer prices to avoid taxes or tariffs, what is the
appropriate transfer price to use in constructing export and import
price indexes, in theory and in practice? These issues are
important because related party trade is large, representing half
of U.S. imports and one-third of U.S. exports, and perhaps a third
of worldwide merchandise trade flows. This paper explains how
transfer pricing and intrafirm trade can bias the construction of
export and import price indexes, outlines and evaluates the various
prices that could be used to construct these indexes, and makes
some recommendations for the international price program run by the
U.S. Bureau of Labor Statistics.
General
| Imprint: |
Bibliogov
|
| Country of origin: |
United States |
| Release date: |
2013 |
| First published: |
2013 |
| Authors: |
Lorraine Eden
|
| Dimensions: |
246 x 189 x 4mm (L x W x T) |
| Format: |
Paperback - Trade
|
| Pages: |
66 |
| ISBN-13: |
978-1-288-63249-7 |
| Categories: |
Books >
Social sciences >
Politics & government >
General
|
| LSN: |
1-288-63249-5 |
| Barcode: |
9781288632497 |
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