Accounting for the Global Economy Measuring World Trade and Investme
The book describes the construction method for a global accounting framework, referred to as the world accounting matrix (WAM). It shows how a WAM can be used for the analysis of trade and finance in a global context and demonstrates how it can contribute
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INTERNATIONAL FINANCE AND DEVELOPMENT SERIES Published in association with the Institute of Social Studies General Editor: E. V. K. FitzGerald, Professor of Economics, Institute of Social Studies, The Hague, and Director, Finance and Trade Policy Research Centre, University of Oxford The International Finance and Development Series reflects the research carried out at The Hague and associated centres in Europe, Asia, Africa and Latin America on the relationship between international capital flows and the process of structural adjustment in less-developed economies. The studies in this series share a common analytical approach based on the use of advanced social accounting techniques and the explicit modelling of the economic behaviour of institutional sectors, which in tum permit a new approach to macroeconomic policy design. Karel Jansen and Rob Vos (editors) EXTERNAL FINANCE AND ADJUSTMENT Karel Jansen EXTERNAL FINANCE IN TIlAILAND'S DEVELOPMENT Joke Luttik ACCOUNTING FOR TIlE GLOBAL ECONOMY Rob Vos DEBT AND ADJUSTMENT IN TIlE WORLD ECONOMY Rob Vos and Josef T. Yap TIlE PHILIPPINE ECONOMY: EAST ASIA'S STRAY CAT? Howard White (editor) AID AND MACROECONOMIC PERFORMANCE
Accounting for the Global Economy Measuring World Trade and Investment Linkages
Joke Luttik
in association with Palgrave Macmillan
First published in Great Britain 1998 by
MACMILLAN PRESS LTD
Houndmills, Basingstoke, Hampshire RG21 6XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. ISBN 978-1-349-26340-0 ISBN 978-1-349-26338-7 (eBook) DOI 10.1007/978-1-349-26338-7 First published in the United States of America 1998 by
ST. MARTIN'S PRESS, INC.,
Scholarly and Reference Division, 175 Fifth Avenue, New York, N.Y. 10010 ISBN 978-0-312-21330-5 Library of Congress Cataloging-in-Publication Data Luttik, Joke. Accounting for the global economy : measuring world trade and investment linkages I Joke Luttik. p. em.- (International finance and development series) Includes bibliographical references and index. ISBN 978-0-312-21330-5 (cloth) I. International trade-Mathematical models. 2. National income-Accounting. I. Title. II. Series. HFI379.L88 1997 382'.01'5118-dc21 97-42694 CIP ©Joke Luttik 1998 Softcover reprint of the hardcover 1st edition 1998 978-0-333-73099-7 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WlP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted her right to be identified as the author of this work in accordance with the Copyright, Designs
