Accounting for the Global Economy : Measuring World Trade and Investment Linkages

The book describes the construction method for a global accounting framework, referred to as the world accounting matrix (WAM). It shows how a WAM can be used for the analysis of trade and finance in a global context and demonstrates how it can contribute to the solution of the large statistical problems in national and global macroeconomic data. Front Matter....Pages i-xvii Introduction....Pages 1-18 Concepts, Definitions and Classifications for the World Accounting Matrix....Pages 19-38 Data Sources and Data Problems....Pages 39-64 The Construction of World Accounting Matrices for 1970, 1975, 1980 and 1985....Pages 65-90 A Presentation and Interpretation of the Reconciled WAMs....Pages 91-117 Global Linkages in the Reconciled WAMs....Pages 118-141 Constant Market Share Analysis....Pages 142-166 Summary and Conclusions....Pages 167-172 Back Matter....Pages 173-227 The book describes the construction method for a global accounting framework, referred to as the world accounting matrix (WAM). The WAM allows for the consistent presentation of international trade and finance figures in relation to domestic saving and investment. The book shows how a WAM can be used for the analysis of trade and finance in a global context. In addition, it shows how the WAM can contribute to the solution of the large statistical problems in national and global macroeconomic data.