Disaggregated international trade prices

Dawit Sisay Temere ()
Additional contact information
Dawit Sisay Temere: Modelgroup, Statistics Denmark, Postal: Sejrøgade 11, 2100 København Ø, Denmark

Nationaløkonomisk tidsskrift, 2016, vol. 2016, issue 1, 15

Abstract: This paper presents new annual price indices for imports and exports of OECD countries classified by SITC system. The paper uses detailed SITC data from the OECD international trade by commodity statistics database. The price indices at 1-digit SITC are constructed by aggregating unit values at the most detailed SITC level. Before aggregation, the unit values at the detailed level are filtered for outliers using the Hidiroglou-Berthelot method. The final price indices depend on the choice of index formula: Paasche, Laspeyres or Fisher chain index. The Paasche and Laspeyres chain price indices have downward and upward biases, respectively. There is a lot of volatility in the detailed unit values which makes it natural to prefer the Fisher index that is a geometric mean of the Paasche and Laspeyres indices.

Keywords: Unit value; trade price; international trade (search for similar items in EconPapers)
JEL-codes: C43 F10 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.xn--nt-lka.dk/files/2016/article/2016_1_3.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:jdaecn:0023

Access Statistics for this article

Nationaløkonomisk tidsskrift is currently edited by Jan Rose Skaksen

More articles in Nationaløkonomisk tidsskrift from Nationaløkonomisk Forening Contact information at EDIRC.
Bibliographic data for series maintained by Lasse Wolsgård ( this e-mail address is bad, please contact ).