IDEAS home Printed from https://ideas.repec.org/p/nsr/escoet/escoe-tr-09.html
   My bibliography  Save this paper

Trade asymmetries: Research outputs from a model-based approach to reconciling asymmetries in UK trade in services data

Author

Listed:
  • Marilyn Thomas
  • Luke Weston

Abstract

This paper presents an approach to reconciling asymmetries in UK trade in services data based on methodology used by the OECD-WTO to produce a series of export and import 'symmetry indices' (a measure of the relative size of a country's asymmetries across a range of trading partners), and indicative ranges of reconciled values for UK total trade in services exports and imports with partner countries between 2014 and 2018. We present results for seven of the UK's trading partners in line with ONS asymmetries articles. UK export asymmetries are relatively small in a global context. Therefore, the indicative ranges of reconciled UK total trade in services exports to many of the UK’s trading partners are relatively close to official UK trade estimates. Where some of the UK's trading partners also have relatively small export asymmetries, indicative ranges of UK total trade in services exports are relatively close to the mid-point between the two country's estimates. UK import asymmetries are larger than UK export asymmetries. This means that the indicative ranges of UK total trade in services imports from many of the UK's trading partners tend towards the partner country's estimates.

Suggested Citation

  • Marilyn Thomas & Luke Weston, 2021. "Trade asymmetries: Research outputs from a model-based approach to reconciling asymmetries in UK trade in services data," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-09, Economic Statistics Centre of Excellence (ESCoE).
    • Handle: RePEc:nsr:escoet:escoe-tr-09
    as

    Download full text from publisher

    File URL: https://escoe-website.s3.amazonaws.com/wp-content/uploads/2021/02/26095002/ESCoE-TR-09.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    asymmetries; services; trade;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nsr:escoet:escoe-tr-09. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ESCoE Centre Manager (email available below). General contact details of provider: https://edirc.repec.org/data/escoeuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.