TY - CHAP
T1 - Benchmark 2011 integrated estimates of the Japan-US price-level index for industry outputs
AU - Nomura, Koji
AU - Miyagawa, Kozo
AU - Samuels, Jon D.
N1 - Publisher Copyright:
© 2020 Elsevier Inc. All rights reserved.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2019/11/6
Y1 - 2019/11/6
N2 - This paper provides new benchmark estimates of industry-level price differentials between Japan and the United States for 2011 based on a bilateral price accounting model anchored to the Japan-US input-output tables. We apply the model to translate available demand-side data on purchaser's price purchasing power parities (PPPs) for final uses (e.g., the Eurostat-OECD PPPs) and intermediate uses (e.g., the Ministry of Economy, Trade and Industry [METI] survey) to unmeasured producer's price PPPs for industry output. These PPPs allow us to produce price-level indexes at the industry level, which we use to assess price competitiveness between Japan and the United States We conclude that price competitiveness of Japanese service industries has considerably improved in the more recent time period. However, Japanese producers have a significant price disadvantage in comparison to their US counterparts in electricity and gas supply, and most of the agricultural producing industries.
AB - This paper provides new benchmark estimates of industry-level price differentials between Japan and the United States for 2011 based on a bilateral price accounting model anchored to the Japan-US input-output tables. We apply the model to translate available demand-side data on purchaser's price purchasing power parities (PPPs) for final uses (e.g., the Eurostat-OECD PPPs) and intermediate uses (e.g., the Ministry of Economy, Trade and Industry [METI] survey) to unmeasured producer's price PPPs for industry output. These PPPs allow us to produce price-level indexes at the industry level, which we use to assess price competitiveness between Japan and the United States We conclude that price competitiveness of Japanese service industries has considerably improved in the more recent time period. However, Japanese producers have a significant price disadvantage in comparison to their US counterparts in electricity and gas supply, and most of the agricultural producing industries.
KW - Industry international competitiveness
KW - International input-output tables
KW - Price accounting model
KW - Price-level indexes
KW - Purchasing power parity
UR - http://www.scopus.com/inward/record.url?scp=85092540298&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85092540298&partnerID=8YFLogxK
U2 - 10.1016/B978-0-12-817596-5.00012-3
DO - 10.1016/B978-0-12-817596-5.00012-3
M3 - Chapter
AN - SCOPUS:85092540298
SN - 9780128175965
SP - 251
EP - 281
BT - Measuring Economic Growth and Productivity
PB - Elsevier Inc.
ER -