Nadim Ahmad is deputy director at the Organisation for Economic Co-operation and Development Centre for Entrepreneurship, SMEs, Regions, and Cities. Brent R. Moulton is senior economist at the International Monetary Fund. J. David Richardson is professor emeritus in the department of economics at Syracuse University and a research associate of the NBER. Peter van de Ven is former head of national accounts at the Organisation for Economic Co-operation and Development and Lead Editor of the 2008 System of National Accounts.

• Prefatory NoteIntroduction Nadim Ahmad, Brent R. Moulton, J. David Richardson, and Peter van de Ven I. Underlying Measurement Challenges1. Addressing the Challenges of Globalization in National Accounts Brent R. Moulton and Peter van de Ven 2. Meaningful Information for Domestic Economies in the Light of Globalization: Will Additional Macroeconomic Indicators and Different Presentations Shed Light? Silke Stapel-Weber, Paul Konijn, John Verrinder, and Henk Nijmeijer 3. National Accounts for a Global Economy: The Case of Ireland John FitzGerald 4. Eliminating the Pass-Through: Towards FDI Statistics That Better Capture the Financial and Economic Linkages between Countries Maria Borga and Cecilia Caliandro 5. Multinational Profit Shifting and Measures throughout Economic Accounts Jennifer Bruner, Dylan G. Rassier, and Kim J. Ruhl Comment: Stephen J. Redding 6. Strategic Movement of Intellectual Property within US Multinational Enterprises Derrick Jenniges, Raymond Mataloni Jr., Sarah Atkinson, and Yiran XinComment: J. Bradford Jensen 7. The Relationship between Tax Payments and MNE’s Patenting Activities and Implications for Real Economic Activity: Evidence from the Netherlands Mark Vancauteren, Michael Polder, and Marcel van den BergComment: Robert E. Yuskavage II. Global Value Chains for Intermediate Products8. Accounting Frameworks for Global Value Chains: Extended Supply-Use Tables Nadim Ahmad 9. Accounting for Firm Heterogeneity within US Industries: Extended Supply-Use Tables and Trade in Value Added Using Enterprise and Establishment Level Data James J. Fetzer, Tina Highfill, Kassu W. Hossiso, Thomas F. Howells III, Erich H. Strassner, and Jeffrey A. YoungComment: Susan N. Houseman 10. The Role of Exporters and Domestic Producers in GVCs: Evidence for Belgium Based on Extended National Supply and Use Tables Integrated into a Global Multiregional Input-Output Table Bernhard Michel, Caroline Hambÿe, and Bart Hertveldt 11. Measuring Bilateral Exports of Value Added: A Unified Framework Bart Los and Marcel P. Timmer III. Globally Intangible Capital12. A Portrait of US Factoryless Goods Producers Fariha KamalComment: Teresa C. Fort 13. R&D Capitalization: Where Did We Go Wrong? Mark de Haan and Joseph HaynesComment: Michael Connolly 14. Capturing International R&D Trade and Financing Flows: What Do Available Sources Reveal About the Structure of Knowledge-Based Global Production? Daniel Ker, Fernando Galindo-Rueda, Francisco Moris, and John JankowskiComment: Nune Hovhannisyan

“[These papers] examine how economic activity is measured over space and time, considering how globalization has impacted the environment in which measurement is addressed."