International Trade in Services and Intangibles in the Era of Globalization (Volume 69) (National Bureau of Economic Research Studies in Income and Wealth)

Quantitative measures of international exchange have historically focused on trade in tangible products or capital. However, services have recently become a larger portion of developed economies and international trade, and will only increase in the future. In International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new and emerging patterns of trade, especially the growing importance of transactions involving services or intangible assets such as intellectual property. A distinguished team of contributors analyzes the challenges involved in measuring trade in intangibles, the comparative advantages enjoyed by United States service industries, and the heightened international competition for jobs, capital investment, economic growth, and tax revenue that results from trade in services. This comprehensive volume will be necessary reading for scholars seeking to understand the rapidly changing global economy. In This Work, Marshall Reinsdorf And Matthew J. Slaughter Examine New And Emerging Patterns Of Trade, Especially The Growing Importance Of Transactions Involving Services Or Intangible Assets Such As Intellectual Property. Introduction / Marshall Reinsdorf And Matthew Slaughter -- Challenges In Measuring Trade In Services. Measuring International Trade In Services / Robert E. Lipsey ; Comment, J. David Richardson -- Improved Measures Of U.s. International Services: The Cases Of Insurance, Wholesale And Retail Trade, And Financial Services / Maria Borga -- R&d And International Property. The Effect Of Taxes On Royalties And The Migration Of Intangible Assets Abroad / John Mutti And Harry Grubert -- Measuring Payments For The Supply And Use Of Intellectual Property / Carol A. Robbins ; Comment, C. Fritz Foley -- R&d Exports And Imports: New Data And Methodological Issues / Francisco Moris ; Comment, Wolfgang Keller -- International Trade In Motion Picture Services / Gordon H. Hanson And Chong Xiang ; Comment, Phillip Mccalman -- Offshoring Of Services. Does Service Offshoring Lead To Job Losses? Evidence From The United States / Mary Amiti And Shang-jin Wei ; Comment, Robert C. Feenstra -- Outsourcing And Imported Services In Bea's Industry Accounts / Robert E. Yuskavage, Erich H. Strassner, And Gabriel W. Medeiros ; Comment, J. Bradford Jensen -- We Can Work It Out: The Globalization Of Ict-enabled Services / Desirée Van Welsum And Xavier Reif ; Comment, Lori G. Kletzer -- Topics In The Measurement Of Price And Productivity. The Contribution Of Multinational Corporations To U.s. Productivity Growth, 1977-2000 / Carol Corrado, Paul Lengermann, And Larry Slifman ; Comment, Raymond J. Mataloni, Jr. Edited By Marshall Reinsdorf And Matthew Slaughter. Papers From The Conference Entitled International Service Flows Convened Under The Auspices Of The Conference On Research In Income And Wealth And The National Bureau Of Economic Research, Held In Bethesda, Maryland On April 28-29, 2006. Includes Bibliographical References And Index. Contents......Page 8 Prefatory Note......Page 10 Introduction......Page 12 I. Challenges in Measuring Trade in Services......Page 36 1. Measuring International Trade in Services......Page 38 2. Improved Measures of U.S. International Services: The Cases of Insurance, Wholesale and Retail Trade, and Financial Services......Page 86 II. R&D and Intellectual Property......Page 120 3. The Effect of Taxes on Royalties and the Migration of Intangible Assets Abroad......Page 122 4. Measuring Payments for the Supply and Use of Intellectual Property......Page 150 5. R&D Exports and Imports: New Data and Methodological Issues......Page 186 6. International Trade in Motion Picture Services......Page 214 III. Offshoring of Services......Page 236 7. Does Service Offshoring Lead to Job Losses? Evidence from the United States......Page 238 8. Outsourcing and Imported Services in BEA’s Industry Accounts......Page 258 9. We Can Work It Out: The Globalization of ICT-Enabled Services......Page 300 IV. Topics in the Measurement of Price and Productivity......Page 340 10. The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977–2000......Page 342 Contributors......Page 376 Author Index......Page 380 Subject Index......Page 384