Photo of Jon D. Samuels.

Chief National Accounts Research Group

Jon D. Samuels

Education

Ph.D.
Johns Hopkins University
Economics
2012
M.A.
Johns Hopkins University
Economics
2009
B.A.
University of Chicago
Economics
1996
Associate
Institute of Quantitative Social Science, Harvard University
2012
2022
Visiting Student
Institute of Quantitative Social Science, Harvard University
2007
2012
Researcher
Institute of Quantitative Social Science, Harvard University
2005
2006
Research Analyst
Program on Technology and Economic Policy, JFK School of Government
2000
2005
Junior Economist
Primark Decision Economics
1997
2000
Benchmark 2011 Integrated Estimates of the Japan-U.S. Price Level Index for Industry Outputs tanya.shen Tue, 12/18/2018 - 11:11
Working Paper

This paper provides new benchmark estimates of industry-level price differentials between Japan and the U.S. for 2011 based on a bilateral price accounting model anchored to the Japan-US input-output tables. We apply the model to translate available demand-side data on purchaser’s price PPPs for final uses (e.g. the Eurostat-OECD PPPs) and intermediate uses (e.g. the METI survey) to unmeasured producer’s price PPPs for industry output. These PPPs allow us to produce price level indexes at the industry level, which we use to assess price competitiveness between Japan and the U.S. Under the nominal exchange rate of 110.6 yen per dollar as of the beginning of July 2018, we estimate that producers in Japan have a pricing advantage in 66 of 106 industries in the manufacturing sector, and in 24 of 50 industries in the service sector. We conclude that price competitiveness of Japanese service industries has considerably improved in the more recent time period. However, Japanese producers have a significant price disadvantage in comparison to their U.S. counterparts in electricity and gas supply, and most of the agricultural producing industries.

Koji Nomura , Kozo Miyagawa , and Jon D. Samuels

Working Paper ID
WP2018-15
American Economics Association
Department of Commerce Gold Medal
2018
Department of Commerce Bronze Medal
2015
Department of Commerce Silver Medal
2014
Department of Commerce Bronze Medal
2013
Robert M. Burger Fellowship
Semiconductor Research Corporation
Johns Hopkins University Fellowship
Department of Economics