Raymond Mataloni Jr.
Bureau of Economic Analysis
4600 Silver Hill Road
Washington, DC 20233
NBER Working Papers and Publications
|March 2018||Strategic Movement of Intellectual Property within Multinational Enterprises|
with Derrick Jenniges, Sarah Stutzman
in The Challenges of Globalization in the Measurement of National Accounts, Nadim Ahmad, Brent Moulton, J. David Richardson, and Peter van de Ven, editors
|April 2017||Offshore Profit Shifting and Domestic Productivity Measurement|
with Fatih Guvenen, Dylan G. Rassier, Kim J. Ruhl: w23324
Official statistics display a significant slowdown in U.S. aggregate productivity growth that begins in 2004. We show how offshore profit shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Under international statistical guidelines, profit shifting causes part of U.S. production generated by multinationals to be excluded from official measures of U.S. production. Profit shifting has increased significantly since the mid-1990s, resulting in lower measures of U.S. aggregate productivity growth. We construct an alternative measure of value added that adjusts for profit shifting. The adjustments raise aggregate productivity growth rates by 0.09 percent annually for 1994-2004, 0.24 percent annually for 2004-2008, and lowers annual aggregate productivity ...
|April 2006||Comment on "The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000"|
in International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter, editors