The Effect of Product Classifications on the Formulation of Export Unit Value Indices:
A Comparison of Export Unit Value Indices based on SITC and HS
With the globalization of economic activity, the relative weight of foreign trade in national economic activities has increased, and the question of how to measure trends in the value and quantity of international trade has become an important issue for policy-makers and economists.
This paper compares the chain-linked indices formulated by Masato Kuroko, based on HS this fiscal year for individual industry categories and countries with chain-linked indices based on SITC-R1 codes, in order to study how changes in the quality composition of the same products, which cannot be considered using unit value indices based on SITC-R1 codes, can be considered using unit value indices based on the more detailed HS product classifications.
JEL classification: C43, F15
Keywords: Export value indices, Export unit value indices, SITC Code, HS Code, Quality change adjustment
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