Novy, Dennis (contributor) - 2008
added, whereas the trade data are reported as gross shipments. Moreover, GDP
data include services that are not covered by … the trade data.6 To get the gross shipment
counterpart of GDP excluding services I follow Wei (1996) in constructing yi as … (8) in Anderson and van Wincoop (2003).
6Anderson (1979) acknowledges nontradable services and models the spending on …