International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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APPENDIX | | 1 GreaT BRrITAIN’s TERMS oF TRADE, 1880-1913 The figures for Great Britain, as well as the chart in the text (Chap- ter 21, p. 246), are reproduced from the Economic Journal for March, 1925, where the reader will find also some further discussion of the results. For the table (pp. 412-13) and the notes explaining it, and for the chart, I am indebted to Mr. A. G. Silverman. The amount and quality of the work done by him, represented by these bare tabular results, can be appreciated only by persons who have them- selves undertaken statistical research of the kind. Notes oN THE TABLE Data in Roman are transcribed ; data in Italics are computed. Sources: for 1900 and subsequent years the data in Roman are published an- nually in British and Foreign Trade and Industry (e.g. Parliamentary Papers for 1912, Vol. 35, Cd. 6314, p. 9). For the earlier years, 1880 to 1899, the data were obtained as follows: Column A, British and Foreign Trade and Industry, 1854-1908, Cd. 4954, p. 19. Column E, ibid., p. 19. Prior to 1899 the value of the exports of ships and boats (new) with their machinery was not recorded. The value of such 2xports is included in 1899 and subsequent years. Column G, bid., p. 53. These figures were computed by the Board of I'rade from data published annually in the London Economist. Column B, for the years 1880 to 1899 the figures were derived by dividing the declared value of total imports (not net imports) by the estimated value of these total imports at 1900 prices as computed from data published annually in the Economist (see British and Foreign Trade and Industry, 1854-1908, Cd. 4954, p. 53). Total imports were used because the estimated values of net imports at 1900 prices were not directly available. In applying the import price index thus obtained to the declared value of net imports (Column A) to obtain the estimated values of these net imports at 1900 prices (Column C). it is assumed that the import price index as calculated from data of total imports would not differ significantly from an import price index computed from net imports. For 1900 and subsequent vears, Column B, figures are computed by formula A or ZP:Qi (Paasche’s formula), which is the price index. CC ZP.Qs ZPD: « 2P.0:, which gives ZP:Q: ZP,Qi Columns D and H are calculated as indicated. For the years 1880 to 1898, the figures in Column H, however, are computed with reference to the exports of 1900, without ships and boats (new) and their machinery. Since for 1900 the exports of ships, ete., were £9.2 millions, the exports excluding these items were for this year only £282 millions, not 291. Column F, z (1880-1913). Column I gives the index of changes in the net barter terms of trade; Col- umn J gives that of changes in the gross barter terms. as

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