Prefatory Note
Introduction by Peter Hooper and J. David Richardson
I. Merchandise Trade
1. Comparing International Trade Data and Product and National Characteristics Data for the Analysis of Trade Models
Keith E. Maskus
Comment: Edward E. Leamer
2. Computers and the Trade Deficit: The Case of the Falling Prices
Ellen E. Meade
Comment: Richard D. Haas
3. Quality Issues Affecting the Compilation of the U.S. Merchandise Trade Statistics
Bruce C. Walter
Comment: David J. Klock
II. Trade Prices and Price Competitiveness
4. Price Trends in U.S. Trade: New Data, New Insights
William Alterman
Comment: Richard C. Marston
5. Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods
Robert E. Lipsey, Linda Molinari, and Irving B. Kravis
Comment: Catherine L. Mann
III. Service Transactions
6. Developing a Data System for International Sales of Services: Progress, Problems, and Prospects
Bernard Ascher and Obie G. Whichard
Comment: Samuel Pizer
7. Evolving Patterns of Trade and Investment in Services
Bernard M. Hoekman and Robert M. Stern
Comment: Samuel Pizer
IV. Foreign Direct Investment
8. Financial Flows versus Capital Spending: Alternative Measures of U.S.-Canadian Investment and Trade in the Analysis of Taxes
Harry Grubert and John Mutti
Comment: Edward M. Graham
9. The Adequacy of U.S. Direct Investment Data
Lois E. Stekler and Guy V. G. Stevens
Comment: Betty L. Barker
V. International Comparisons of Outputs and Inputs
10. Issues in Measurement and International Comparison of Output Growth in Manufacturing
Robert Z. Lawrence
Comment: Lawrence Mishel
Comment: Barry Eichengreen
11. Macroeconomic Convergence: International Transmission of Growth and Technical Progress
John F. Helliwell and Alan Chung
12. The International Comparison Program: Current Status and Problems
Irving B. Kravis and Robert E. Lipsey
Comment: Alan V. Deardorff
Concluding Observations
Robert E. Baldwin
Jack Bame
Ralph C. Bryant
Contributors
Author Index
Subject Index