Estimated bilateral trade in services (EBITS)

Estimated bilateral trade in services (EBITS)

Estimated bilateral trade in services by industry (EBTSI) Methodology used to create a matrix of bilateral trade in services by industry for the OECD global I/O table Constructing OECD MRIO tables What is needed: A perfect matrix of bilateral trade flows (goods and services) decomposed by industry and by end-use Issues: Overlap between goods and services trade statistics Missing data in the case of trade in services Lack of adequate methodology to assess trade in intermediate services Correspondence between EBOPS and ISIC classifications Allocated versus non-allocated trade in the OECD TISP database (2005) 100% = Exports reported for EBOPS 200 (total trade in services) with world as partner 120% 100% 80% Average = 69% 60% 40% 20% Share of total trade accounted for when adding over all partners and industries USA TUR SWE SVN SVK RUS PRT POL NZL

NOR NLD MEX LUX KOR JPN ITA ISR IRL HUN HKG GRC GBR FRA FIN EST ESP DNK DEU CZE CHL CAN BEL AUT AUS 0% Methodology Step 1: bilateral matrix based on hard data OECD TISP database

EUROSTAT database (for EU countries) UN trade in services database (for non-OECD economies) IMF (for world total and rest of the world) Step 2: reconciliation of bilateral data Exports preferred and then mirror imports Step 3: Estimation of missing bilateral flows Prediction of zero trade flows (missing versus zero) Extensive margin Estimation of bilateral trade flows Intensive margin Step 4: Industry decomposition based on national accounts Step 5: Collection of bilateral by industry data (conversion to ISIC) Step 6: Optimisation to estimate bilateral trade flows by industry First set of constraints: total bilateral = total by industry for a given country Second set of constraints: existing data for specific bilateral relationships Data coverage Three years: 1995, 2000 and 2005 (panel data for the estimation 19992009) 58 countries + rest of the world 15 services industries (ISIC Rev. 3) 22 23 24 25 26 27 28 29 30

31 32 33 34 35 36 Construction Wholesale & retail trade; repairs Hotels & restaurants Transport and storage Post & telecommunications Finance & insurance Real estate activities Renting of machinery & equipment Computer & related activities Research & development Other Business Activities Public admin. & defence; compulsory social security Education Health & social work Other community, social & personal services Gravity model and estimation Structural gravity: Anderson and Yotov (2010) Estimation technique: quasi-maximum likelihood Poisson To take into account zeros To address the adding-up issue in gravity estimation (the fact that the sum of estimated trade flows exceeds the total of observed trade flows) Optimisation Trade matrix normalised to national accounts figures Total bilateral C1 C1 C2 C2 C3 ROW Total 81 30 8 119 Ind 1

C1 45 15 110 C1 C2 C3 ROW Total . 4 . 35 50 C3 21 19 ROW 12 22 8 Total 83 122 83 32 320 Imports by industry C1 C2 C3 ROW Total Ind1

58 64 30 17 169 Ind2 46 40 19 18 123 Ind3 15 6 0 7 28 Total 119 110 49 42 320 Exports by industry C1 C2 C3 ROW Total Ind1 35

74 43 17 169 Ind2 37 40 35 11 123 Ind3 11 8 5 4 28 Total 83 122 83 32 320 9 49 42 Ind 2 C1 C2 C3 ROW Total C1 Ind3 C1 C2 C3

ROW Total C1 National accounts Predicted zero . 10 . 37 2 0 . 11 C2 C3 ROW Total . . . . . . 58 64 30 17 169 . . 74 C2 . . . 40 C2 . 0 . 8 . 43 C3 3 . . 35

C3 . . . 5 17 ROW . . . 11 ROW . . 0 4 Total 46 40 19 18 123 Total 15 6 0 7 28 Known figure coming from normalised trade statistics (used as lower bound) Robustness checks Comparison between estimated and observed data (in particular for industries where EBOPS and ISIC categories are similar). Full estimation (at the bilateral by industry level) versus estimation + optimisation How can you help? We need more bilateral data broken down by industry Some information on unallocated trade? Identify zeros (as opposed to missing or confidential data) Data for 1995

Recently Viewed Presentations

  • Information System Development Cycle

    Information System Development Cycle

    The System Life Cycle Week 14 LBSC 690 Information Technology
  • Health and Safety: Pre-Deployment Safety - USDA APHIS

    Health and Safety: Pre-Deployment Safety - USDA APHIS

    Disposal. Composting, Rendering, and Burial . Adapted from the FAD PReP/NAHEMS Guidelines: Disposal (2012). Effective disposal of animal carcasses and associated materials is a critical component of a successful response during an animal health emergency, such as a major disease...
  • Cloud Computing Security - uml.edu

    Cloud Computing Security - uml.edu

    Cloud Computing Security. RiteshKotekarUdupa. Topics to be discussed. What is a cloud? Advantages of the cloud computing. Service & Deployment models. Levels of Security. Security Concerns. Identity Management. InterCloud Identity Management Infrastructure. Summary.
  • Erate overview - Bureau of Indian Education

    Erate overview - Bureau of Indian Education

    Form 470 opens a competitive bidding process or requests for discounts on non-contractual services. Form 470 and competitive bidding process are linked directly to the Form 471 filing process. Requesting Service (FCC Form 470) Form 470 is linked to the...
  • part1 - nebula2.deanza.edu

    part1 - nebula2.deanza.edu

    Inferential Statistics and Probabilitya Holistic Approach. Chapter 1. Displaying and Analyzing Data with Graphs. This Course Material by Maurice Geraghty is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
  • Case Law Update Property Litigation Association  Scotland Ewen

    Case Law Update Property Litigation Association Scotland Ewen

    JH&W Lamont of Heathfield Farm v Chattisham Limited - 2018 SC 440 (IH) Commodity Solution Services Limited v First Scottish Searching Services Limited - 2018 SLT (Sh Ct) 117. Anwar v Britton - [2018] SAC (Civ) 27. QUESTIONS. ... Ewen...
  • Tuesday - 9.3.13

    Tuesday - 9.3.13

    Assertions Questions 8, 9, 10 "The only encouragements we hold out to strangers are a good climate, fertile soil, wholesome air and water, plenty of provisions, good pay for labor, kind neighbors, good laws, a free government, and a hearty...
  • SUF 2016 - Integrated active living policy at Yarra - Bruce ...

    SUF 2016 - Integrated active living policy at Yarra - Bruce ...

    Active living is encouraged consistently in a coordinated way across Council via a number of divisions and across teams within these divisions. A summary of activity and coordination is provided on the following slides. Relevant Active Living Policy Documents.