Share of imports and commodities in consumption and investment in the united states

Galina Hale, Bart Hobijn

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Scopus citations

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 languageEnglish (US)
Title of host publicationUncovering Value Added In Trade
Subtitle of host publicationNew Approaches To Analyzing Global Value Chains
PublisherWorld Scientific Publishing Co.
Pages101-112
Number of pages12
ISBN (Electronic)9789814656368
DOIs
StatePublished - Jul 13 2015

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)
  • Social Sciences(all)

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