@techreport{NBERw5516,
 title = "Measuring U.S. International Goods and Services Transactions",
 author = "Robert E. Baldwin and Fukunari Kimura",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "5516",
 year = "1996",
 month = "March",
 URL = "http://www.nber.org/papers/w5516",
 abstract = {In order to better capture the close relationship between firms' cross-border trading activities and the sales and purchasing activities of their foreign affiliates, this paper proposes supplementary accounting formats that classify cross-border and foreign affiliate activities on an ownership basis, in contrast to the residency approach followed in the balance-of-payments accounts.  One format combines net cross-border sales by Americans to foreigners, net sales by foreign affiliates of U.S. firms to foreigners, and net sales of U.S. firms to U.S. affiliates of foreign firms to yield a figure that indicates net sales by Americans to foreigners.  Another accounting format measures the value-added embodied in cross-border and foreign affiliate activities on an ownership basis.  U.S. cross- border and foreign affiliate activities based on these two approaches are presented and analyzed for the period, 1987-1992.  In addition, data by industry are presented in these formats.},
}