01739cas a2200241 a 4500 AALejournalIMF009278 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866858 1018-5941 BD-DhAAL BD-DhAAL Silver, Mick. Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices? / Mick Silver. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is mainly due to their relatively low cost compared with establishment price surveys. This paper provides evidence of substantial bias in their representation of such price changes. Their continued use would mislead economic analysis. The paper considers the efficacy of alternative strategies for their improvement, and argues for a move to establishment-based price surveys. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/121 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/121/001.2007.issue-121-en.xml IMF e-Library