CRIW Conference: The Challenges of Globalization in the Measurement of National Accounts

Nadim Ahmad, Brent Moulton, J. David Richardson, and Peter van de Ven, Organizers

March 9-10, 2018

Hyatt Regency Bethesda, Ballroom Level, Regency I/II, One Bethesda Metro Center, Bethesda, MD

Conference Code of Conduct

FORMAT: The format for each session will be a 20-minute presentation by the author, followed by one 15-minute discussion, and then another 10 minutes for Q&A.
Friday, March 9
8:30 am
Continental Breakfast
9:00 am
Welcome and Overview

Chair: J. David Richardson, Syracuse University and NBER
Welcome and Opening Remarks
9:10 am
Challenges of Globalization in National Accounts
Brent Moulton, Bureau of Economic Analysis, retired
Peter van de Ven, OECD

Addressing the Challenges of Globalization in National Accounts (slides)
Discussant: Marshall B. Reinsdorf, Independent Consultant
9:55 am
Silke Stapel-Weber, Eurostat
Paul Konijn, Eurostat
John Verrinder, European Statistical System
Henk Nijmeijer, Eurostat

Meaningful Information for Domestic Economies in the Light of Globalization – Will Additional Macroeconomic Indicators and Different Presentations Shed Light? (slides)
Discussant: Sarahelen Thompson, Bureau of Economic Analysis, retired
10:40 am
Break
11:00 am
Maria Borga, OECD
Cecilia Caliandro, OECD

Eliminating the Pass-Through: Towards FDI Statistics that Better Capture the Financial and Economic Linkages between Countries (slides)
Discussant: L. Kamran Bilir, University of Wisconsin-Madison
11:45 am
Fariha Kamal, U.S. Census Bureau

A Portrait of U.S. Factoryless Goods Producers
Discussant: Teresa C. Fort, Dartmouth College and NBER
12:30 pm
Lunch - Regency III/IV

Speaker: Robert C. Feenstra, University of California at Davis and 1991-2016 Director of the NBER Program in International Trade and Investment
1:50 pm
Accounting for Global Production Processes
Chair: Nadim Ahmad, OECD
James J. Fetzer, Bureau of Economic Analysis
Tina Highfill, Bureau of Economic Analysis
Kassu Hossiso, Bureau of Economic Analysis
Thomas Howells, Bureau of Economic Analysis
Erich Strassner, International Monetary Fund
Jeffrey Young, Bureau of Economic Analysis

Accounting for Firm Heterogeneity within U.S. Industries: Extended Supply-Use Tables and Trade in Value Added using Enterprise and Establishment Level Data (slides)
Discussant: Susan N. Houseman, W.E. Upjohn Institute for Employment Research
2:35 pm
Gabriela Saborio-Muñoz, Banco Central de Costa Rica
Rigoberto Torres-Mora, Banco Central de Costa Rica

Costa Rica: Integrating Foreign Direct Investment Data and Extended Supply and Use Tables into the National Accounts
Discussant: Deborah L. Swenson, University of California, Davis and NBER
3:20 pm
Break
3:40 pm
Bernhard Michel, Belgian Federal Planning Bureau
Caroline Hambÿe, Belgian Federal Planning Bureau
Bart Hertveldt, Belgian Federal Planning Bureau

The Role of Exporters and Domestic Producers in GVCs: Evidence for Belgium Based on Extended National Supply-and-Use Tables Integrated into a Global Multiregional Input-Output Table
Discussant: Lucian Cernat, European Commission
4:25 pm
Bart Los, University of Groningen
Marcel Timmer, University of Groningen

Measuring Bilateral Exports of Value Added: A Unified Framework
Discussant: Robert C. Johnson, University of Notre Dame and NBER
5:10 pm
Adjourn
5:30 pm
CRIW Members Meeting
Katharine Abraham, University of Maryland and NBER
Saturday, March 10
8:00 am
Continental Breakfast
8:30 am
Chair: Brent Moulton, Bureau of Economic Analysis, retired
Nadim Ahmad, OECD

Accounting for Globalisation: Frameworks for Integrated International Economic Accounts
Discussant: Christopher Kurz, Federal Reserve Board
9:15 am
Impact of Transfer Pricing and Tax Avoidance
Mark Vancauteren, Hasselt University
Michael Polder, Statistics Netherlands
Marcel van den Berg, Statistics Netherlands

The Relationship between Tax Payments and MNE’s Patenting Activities and Implications for Real Economic Activity: Evidence from the Netherlands
Discussant: Robert E. Yuskavage, Bureau of Economic Analysis, retired
10:00 am
Derrick Jenniges, Bureau of Economic Analysis
Raymond Mataloni Jr., Bureau of Economic Analysis
Sarah Stutzman, Bureau of Economic Analysis
Yiran Xin, Bureau of Economic Analysis

Strategic Movement of Intellectual Property within Multinational Enterprises
Discussant: J. Bradford Jensen, Georgetown University and NBER
10:45 am
Break
11:05 am
Jennifer Bruner, Bureau of Economic Analysis
Dylan Rassier, Public Company Accounting Oversight Board
Kim J. Ruhl, University of Wisconsin-Madison and NBER

Multinational Profit Shifting and Measures throughout Economic Accounts 
Discussant: Stephen J. Redding, Princeton University and NBER
11:50 am
Accounting for the Impact of Globalization in Europe
John D. FitzGerald, Trinity College Dublin

National Accounts for a Global Economy: The Case of Ireland
Discussant: James Tebrake, Statistics Canada
12:35 pm
Lunch - Regency III/IV
1:35 pm
Chair: Peter van de Ven, OECD
Sebnem Kalemli-Ozcan, University of Maryland and NBER
Bent Sorensen, University of Houston
Carolina Villegas-Sanchez, ESADE Business School
Vadym Volosovych, Erasmus University Rotterdam

Who Owns Europe’s Firms? Foreign Investment in Europe and Implications for Risk Sharing
Discussant: Nitya Pandalai-Nayar, University of Texas at Austin and NBER
2:20 pm
Globalization and Innovation/Productivity
Fernando Galindo-Rueda, OECD
Daniel Ker, OECD
Francisco Moris, National Science Foundation
John Jankowski, Social Security Administration

Capturing International R&D Trade and Financing Flows: What Do Available Sources Reveal about the Structure of Knowledge-Based Global Production? (slides)
Discussant: Nune Hovhannisyan, Loyola University Maryland
3:05 pm
Break
3:25 pm
Mark de Haan, Statistics Netherlands
Joseph Haynes, Statistics Netherlands

R&D Capitalisation: Where Did We Go Wrong?
Discussant: Michael Connolly, Central Statistics Office - Ireland
4:10 pm
Adjourn