new zealand’s international trade towards an integrated approach february 2011
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New Zealand’s International Trade
Towards an integrated approach
February 2011
Outline
Institutional arrangements
International frameworks
International trade in services survey
Longitudinal business database
Options for further integration.
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Institutional arrangements
Overseas Merchandise Trade • Based in Christchurch• Part of Industry and Labour Statistics area• Monthly release of statistics• Works closely with New Zealand Customs Service• Solely use administrative data.
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Institutional arrangements
Services data collected by Balance of Payments • Based in Wellington• Part of Macroeconomic and Environment Statistics • Quarterly release of goods and services statistics• Enterprise surveys
– international trade in services– goods on consignment
No plans to integrate these two areas.
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Framework
BoP goods and services on a BPM5 basis
BPM6 work planned from 2012-14
Priorities within BPM6 implementation, and extending into MSITS 2010, must be user driven
Key users are interested in a more integrated approach.
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International trade in services survey (ITSS)
Full coverage for June 2011 year as extracted from the Statistics NZ Business Frame
Joint survey with Ministry of Foreign Affairs and Trade (MFAT)• co-funded• share unit records• declaration of secrecy• input into questionnaire design.
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ITSS redesign
New questions likely to include:• contract manufacturing fees for processing goods• sales of goods manufactured abroad• published software delivered electronically• EBOPS and GATS W120 updates• mode of supply: “How were these services
delivered?”
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ITSS dissemination
Data incorporated into BoP current account
Stand alone ‘commercial services’ report to be published in February 2012 will include:• detailed categories• partner country and economic groupings• industry breakdowns
Longitudinal Business Database (LBD).
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What is the LBD?
A longitudinal dataset of integrated business-related data
Prototype created in December 2007
Aim is to produce new information from existing data and without additional respondent burden.
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Structure of the LBD
Microsoft SQL server database
Aggregates input data to give yearly information at enterprise level for each data source
Can be easily queried from SQL or SAS
150 gigabytes in size (including 10 gigabytes of indexes).
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What’s in the LBD?
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Longitudinal Business Frame
Contains longitudinally linked data for most enterprises operating in NZ. Includes information on:
• employment
• location
• industry
• ownership relationship
Allows individual business to be tracked over time.
Administrative data
• Annual Enterprise Survey
• Business Operations Survey
• Manufacturing and Energy Use Survey
• Business Finance Survey
• Research and Development Survey
• International Trade in Services and Royalties
Survey data
• Goods and services tax data
• Financial accounts (IR10)
• Company tax returns (IR4)
• Linked Employer Employee Database
• Overseas merchandise trade
• Government assistance data
Longitudinal Business Database
Protocols for using the LBD
Integrating data raises issues around privacy, confidentiality, and security• access is granted to government employees for
research purposes• non-departmental research access is by secondment• anonymised data accessed only through the Data Lab• outputs subject to confidentiality checks.
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Initial research results
MFAT initiated and funded integration of the ITSS into the LBD
Comparisons of goods and services exporters• employee count• foreign ownership• profit• productivity• market analysis.
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Examples of research
Exporting and firm performance
Entrepreneurship and trade growth
Exporters’ currency hedging behaviour
Export market choices of New Zealand firms
LBD homepage
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Where to from here for the LBD?
Work in progress – new datasets can be added
Add International Investment Survey data – possible foreign affiliate statistics
From existing LBD datasets:• Impact of exchange rate volatility on exporters• Intensive v extensive exporting• Global financial crisis analysis
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Options for further integration
More detailed BoP goods
Increasing bilateral data for services to allow presentation of total goods and services trade
No plans for:• intra-group trade in goods and services• integrated industry-based presentation.
But… new opportunities may arise!
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Thanks!» Matthew Haigh» Project Manager: BoP Commerce & Development» Statistics New Zealand» Email: [email protected]» Phone: +64 4 931 4862
» Yolandi de Beer» Statistical Analyst: Business Infrastructure & Performance» Statistics New Zealand» Email: [email protected]» Phone: +64 4 931 4342
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