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A New Balance of Payments for the United States, 1790–1919Merchandise Imports

A New Balance of Payments for the United States, 1790–1919: Merchandise Imports [The basic conventional series is again modified official statistics. For purpose of a uniform f.o.b. valuation, imports are divided into three components. Ad-valorem imports are corrected for legal overvaluation, Treasury undervaluation of the British pound, overvaluation of manufactured commodities, and home valuation. Duty-free imports are considered to be recorded f.o.b. Specific-duty imports are corrected for official valuation between f.o.b. and c.i.f. Corrections are also made for underestimations due to exclusion of transport costs within the foreign country, underinvoicing, and smuggling.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A New Balance of Payments for the United States, 1790–1919Merchandise Imports

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-66098-7
Pages
133 –146
DOI
10.1007/978-3-030-66099-4_7
Publisher site
See Chapter on Publisher Site

Abstract

[The basic conventional series is again modified official statistics. For purpose of a uniform f.o.b. valuation, imports are divided into three components. Ad-valorem imports are corrected for legal overvaluation, Treasury undervaluation of the British pound, overvaluation of manufactured commodities, and home valuation. Duty-free imports are considered to be recorded f.o.b. Specific-duty imports are corrected for official valuation between f.o.b. and c.i.f. Corrections are also made for underestimations due to exclusion of transport costs within the foreign country, underinvoicing, and smuggling.]

Published: Mar 25, 2021

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