Description: Prefatory Note Introduction by Peter Hooper and J. David Richardson I. Merchandise Trade 1. Comparing International Trade Data and Product and National Characteristics Data for the Analysis of Trade Models Keith E. Maskus Comment: Edward E. Leamer 2. Computers and the Trade Deficit: The Case of the Falling Prices Ellen E. Meade Comment: Richard D. Haas 3. Quality Issues Affecting the Compilation of the U.S. Merchandise Trade Statistics Bruce C. Walter Comment: David J. Klock II. Trade Prices and Price Competitiveness 4. Price Trends in U.S. Trade: New Data, New Insights William Alterman Comment: Richard C. Marston 5. Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods Robert E. Lipsey, Linda Molinari, and Irving B. Kravis Comment: Catherine L. Mann III. Service Transactions 6. Developing a Data System for International Sales of Services: Progress, Problems, and Prospects Bernard Ascher and Obie G. Whichard Comment: Samuel Pizer 7. Evolving Patterns of Trade and Investment in Services Bernard M. Hoekman and Robert M. Stern Comment: Samuel Pizer IV. Foreign Direct Investment 8. Financial Flows versus Capital Spending: Alternative Measures of U.S.-Canadian Investment and Trade in the Analysis of Taxes Harry Grubert and John Mutti Comment: Edward M. Graham 9. The Adequacy of U.S. Direct Investment Data Lois E. Stekler and Guy V. G. Stevens Comment: Betty L. Barker V. International Comparisons of Outputs and Inputs 10. Issues in Measurement and International Comparison of Output Growth in Manufacturing Robert Z. Lawrence Comment: Lawrence Mishel Comment: Barry Eichengreen 11. Macroeconomic Convergence: International Transmission of Growth and Technical Progress John F. Helliwell and Alan Chung 12. The International Comparison Program: Current Status and Problems Irving B. Kravis and Robert E. Lipsey Comment: Alan V. Deardorff Concluding Observations Robert E. Baldwin Jack Bame Ralph C. Bryant Contributors Author Index Subject Index

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