Thursday, January 26, 2017

Cross put : the value of cross border transactions

The sum total of all transactions back and forth
across any bordered region of the global marketplace

Cross put

The degree of open ness is not well measured by ratio to GDP
 if we have lots of intermediate imports as inputs  to exported outputs and visa versa

An estimate of  total domestic product transactions makes a better denominator

Sounds like I'm still shaken here

But the present formula import vale plus export value over GDP is too sensitive to
The amount of intermediate ins and outs

Once trade was in mostly final products not products that once productively consumed
Are headed back out into inter border commerce