Abstract
We use input-output data to compute the share of imports and commodities in personal consumption and fixed investment in the United States (US). We show that for the US, a large high-income economy, the shares of local content and of non-commodity content are rather small in categories that are not directly related to commodities or imported goods. Overall, about 82% of expenditures by US consumers go to goods that are made entirely domestically and from domestic imports. Our measures represent an upper bound on the computed shares of imports from a specific region, because we use a conventional, rather than a value added, measure of trade flows.
Original language | English (US) |
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Title of host publication | Uncovering Value Added In Trade |
Subtitle of host publication | New Approaches To Analyzing Global Value Chains |
Publisher | World Scientific Publishing Co. |
Pages | 101-112 |
Number of pages | 12 |
ISBN (Electronic) | 9789814656368 |
DOIs | |
State | Published - Jul 13 2015 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- General Business, Management and Accounting
- General Social Sciences