Estimating Trade Misinvoicing from Bilateral Trade Statistics: The Devil is in the Details

Keejae P. Hong, Philip Keejae Hong

Research output: Contribution to journalArticlepeer-review

Abstract

This study estimates the degree of trade mispricing in the form of undervalued import from the Democratic Republic of Congo (DRC)to the European Union (EU) and the U.S. between 2000 and 2010based on a method using an inter-quartile price-filter approach.The study estimates that the undervalued amount of EU import from the DRC is €9.95 billion, exceeding the declared total import value of €8.06 billion. Almost all of the underpricing in the EU import from the DRC, 98% of the undervalued amount, is through underpriced non-industrial diamonds imported by Belgium and cobalt ore and mattes imported by Finland.
Original languageEnglish
Pages (from-to)3-28
JournalThe International Trade Journal
Volume31
Issue number1
StatePublished - Jan 2017

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