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Topic: Intermediate goods

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	Intermediate consumption - Wikipedia, the free encyclopedia
		Thus, intermediate consumption is an accounting flow which consists of the total monetary value of goods and services consumed or used up as inputs in production by enterprises, including raw materials, services and various other operating expenses.
		Intermediate consumption (unlike fixed assets) is not normally classified in national accounts by type of good or service, because the accounts will show net output by sector of activity.
		Conceptually, intermediate goods or services should be valued at purchaser's market prices (including transaction costs and tax), at the point in time when the good or service enters the process of production, not when they were acquired by the producer.
	en.wikipedia.org /wiki/Intermediate_consumption (1525 words)

	Intermediate good - Wikipedia, the free encyclopedia
		Intermediate goods or producer goods are goods used as inputs in the production of other goods, such as partly finished goods or raw materials.
		Intermediate goods are not counted in a country's GDP, as that would mean double counting, as the final product only should be counted.
		The use of the term "intermediate goods" can be slightly misleading, since in advanced economies about half of the value of intermediate inputs consist of services.
	en.wikipedia.org /wiki/Intermediate_good (260 words)

	United Nations Statistics Division - National Accounts
		Intermediate consumption consists of the value of the goods and services consumed as inputs by a process of production, excluding fixed assets whose consumption is recorded as consumption of fixed captital.
		Intermediate consumption also does not include costs incurred by the gradual using up of fixed assets owned by the enterprise: the decline in their value during the accounting period is recorded as consumption of fixed capital.
		A good or service consumed as an intermediate input is normally valued at the purchaser's price prevailing at the time it enters the process of production; that is, at the price the producer would have to pay to replace it at the time it is used.
	unstats.un.org /unsd/sna1993/tocLev8.asp?L1=6&L2=8 (3227 words)

	Intermediate - Wikipedia, the free encyclopedia
		Intermediate means "occurring between two extremes, or in the middle of a range" and may refer to:
		Reactive intermediate, a short-lived, unstable molecule in a chemical reaction
		Intermediate 1 and Intermediate 2, educational qualifications in Scotland
	en.wikipedia.org /wiki/Intermediate (121 words)

	Stages of Processing and Economic Trends in the Manufacturing Sector, 1988-1996 (Site not responding. Last check: 2007-11-01)
		The second stage intermediate goods made up 41.2% of all shipments in 1988 and their share decreased very slightly over the years to 39.8% in 1996.
		The less processed, first stage intermediate goods were 7.1% of manufacturing shipments in 1988 and their share decreased to 4.9% in 1996.
		Intermediate goods are most significant to Quebec, B.C., Alberta and the Prairies, while finished goods are the largest category in Ontario.
	www.statcan.ca /english/research/31F0027MIE/31F0027MIE1996003.htm (2275 words)

	Producer Price Index News Release text
		Prices received by domestic producers of intermediate goods rose 2.3 percent for the 12 months ended in March 2001, and the index for crude goods jumped 16.5 percent during the same period.
		Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components declined 0.2 percent in March, seasonally adjusted, after edging down 0.1 percent in February.
		The intermediate energy goods index advanced at a 2.2-percent SAAR from December 2000 to March 2001, after registering an 11.0-percent rate of increase during the previous three months.
	money.cnn.com /2001/04/12/economy/economy/ppi.htm (2641 words)

	[No title]
		Over the same period, the index for finished energy goods climbed 20.6 percent, prices for finished goods other than foods and energy rose 1.5 percent, and the index for finished consumer foods fell 1.5 percent.
		By contrast, the intermediate energy goods index increased at a slower rate in May than it had in the previous month.
		The intermediate goods category also encompasses nondurable, physically complete items purchased by business firms as inputs for their operations.
	www.yardeni.com /pub/ppi_r.txt (7805 words)

	Deep1
		Resources may first be transformed into either intermediate goods and services or capital goods which are then used in producing the final goods and services.
		For example, electrictiy (which is produced using resources such as labor, machinery and coal) is an intermediate good that is then used up in the production of bread, ice cream and yoga lessons.
		Thus although capital goods are produced by the economic system, because they also serve as long-lasting inputs they are considered to be an economic resource.
	www.rci.rutgers.edu /~lsmall/Resources/deep1.htm (199 words)

	GDP is, at the same time: (Site not responding. Last check: 2007-11-01)
		The argument for not including intermediate goods is that if they were included, they would be counted more than one time in the calculation of GDP, once as part of the final good and once (or more than once depending upon how may stages of production there are), as the intermediate good.
		Goods produced in another year, even though it is sold in the current one.
		The purchase of a durable good, such as a car or a refrigerator, would then be thought of as an investment in a "capital good" to be used over a period of time in the household.
	www.eco.utexas.edu /graduate/Konstantinova/a5_MeasGDP.htm (3512 words)

	Untitled (Site not responding. Last check: 2007-11-01)
		Unlike final goods, intermediate goods require additional processing before they are sold to the final consumers.
		It is important to exclude intermediate goods from the calculation of GDP because the value of all intermediate goods are included in the final prices of the goods they produce.
		The flour bought by a baker is an intermediate good but the flour bought by a consumer is called a final good.
	www.sba.oakland.edu /faculty/mukherji/lect5.htm (2116 words)

	Statistics Norway: Index of production, May 2003 - Increase in intermediate goods output
		The output in the intermediate goods has increased through March to May 2003 compared with the period from December 2002 to February 2003, according to the seasonally adjusted figures.
		The intermediate goods output has increased by 1.4 per cent from March to May, compared with the previous 3 months, while the output decreased during December to February by 4.7 per cent compared with the period from September to November last year.
		The consumer goods output has had a slight decline during the last 3 months compared with the previous 3 months.
	www.ssb.no /en/pii/arkiv/art-2003-07-07-01-en.html (374 words)

	[No title]
		Other intermediate goods like bearings or fasteners account for such a small share of the cost of the products they are used in that high prices would not significantly affect the overall cost.
		It is clear that in the upstream intermediate goods industries studied here, the level of imports is almost zero throughout most of the “infant” stage and the stage of international competitiveness in almost every case.
		Intermediate goods industries (dominated by steel) provided relatively more contributions than downstream export/user industries (dominated by automobiles and electronics) in the early half of this period, and relatively less in the later half.
	www.msu.edu /~elderm/APSA98Apa.doc (14263 words)

	[No title]
		Goods and services produced and sold illegally B (a) are included in GDP to the extent they can be measured.
		GDP includes the value of final goods and not intermediate goods because A (a) the value of intermediate goods is already included in the value of final goods.
		(b) the intermediate good is produced and added to a firm’s inventory of goods to be used or sold at a later date.
	www.davidson.edu /academic/economics/foley/eco101_f02/quiz5_sol.doc (1240 words)

	Chapter 3 (Site not responding. Last check: 2007-11-01)
		These intermediate goods from different regions combine at the second level of production to form composite intermediate goods that enter the first level of production.
		Similar to intermediate commodity inputs and household commodity demands, imported and regionally produced commodities are imperfect substitutes in meeting the composite commodity demands.
		It is not necessarily a good measure of welfare change of households residing within the region.
	www.rri.wvu.edu /WebBook/Schreiner/chapter3.htm (7599 words)

	The NZ broad economic category classification system - Statistics New Zealand
		Economists define most goods as belonging to one of three SNA expenditure classes: capital, intermediate, or consumption, depending on their use in the economy.
		Capital goods are used as a means of producing other goods or services, intermediate goods are transformed or used up in the production of goods or services, and consumption goods (and services) are used by households.
		Intermediate goods are used up or transformed in the production of goods and services.
	stats.govt.nz /products-and-services/Articles/nz-bec-May03.htm?print=Y (1470 words)

	Industrial Metabolism
		The intermediate goods and services reflect the technology involved in transforming raw matter and energy extracted from the environment into final goods and services.
		The types of intermediate goods and production technologies used to produce final goods and services are summarized in the Industrial Metabolism (IM) Model (see endnote 1 for references).
		The inputs include not only the intermediate goods from the previous stage of the model, but also intermediate and final goods from all the other stages as well.
	www.msu.edu /course/prm/255/industrial_metabolism.htm (2231 words)

	Intraindustry Trade in Intermediate Goods. \| Government from AllBusiness.com
		Since intermediate goods play such a vital role in foreign trade, this paper develops a model that explains the benefits from intraindustry trade in differentiated intermediate goods.
		The goods are called intermediate goods and are produced goods which through the production process are transformed into goods of a greater value, whether another intermediate good or a final good.
		Importance is attached to horizontally differentiated intermediate goods.
	www.allbusiness.com /periodicals/article/826263-1.html (608 words)

	Indiatimes Learning..........Curriculum (Site not responding. Last check: 2007-11-01)
		Intermediate consumption refers to the purchases in the form of intermediate goods made in the production process by firms and government.
		Intermediate goods are those goods, which are used for the further production of goods and not for final consumption.
		Durable goods are those goods, which are to be consumed directly for a long period of time, e.g.
	learning.indiatimes.com /curriculum/12th/economics/ch3.htm (1014 words)

	Providing Global Public Goods: Managing Globalization
		With a club good exclusion is feasible, but the optimal size of the club is generally larger than one person.
		An example is a film shown in a theater, where it is possible for the good to be priced (exclusion can be practiced) and for a number of people to share the good without diminishing each other's consumption of it.
		Public goods that contribute to the production of a final public good are called intermediate public goods.
	www.undp.org /globalpublicgoods/globalization/glossary.html (760 words)

	Index of production, July 2002 - Decline in intermediate goods (Site not responding. Last check: 2007-11-01)
		A decrease in intermediate goods and consumer goods output caused these changes.
		The intermediate goods output dropped 3.3 per cent.
		While the intermediate goods and the consumer goods have had a decrease, the capital goods have had an increase in the output.
	www.ssb.no /en/pii/arkiv/art-2002-09-06-01-en.html (224 words)

	Statistics Norway: Index of production, October 2003 - Decline in intermediate goods output
		The seasonally adjusted figures for the last 3 months show a decline in the intermediate goods output compared with the previous 3 months.
		The intermediate goods output has decreased by 2.0 per cent during the last 3 months compared with the previous 3 months.
		This is mostly related to the drop in the transport equipment output and the drop in the oil platforms and modules output.
	www.ssb.no /pii_en/arkiv/art-2003-12-05-01-en.html (291 words)

	MMA: News & Information: News: Finished and Intermediate Goods PPIs Fall; Crude Materials PPI ...
		At the earlier stages of processing, prices received by intermediate goods manufacturers fell 0.1 percent, after moving up 0.7 percent in October.
		The downturn in the finished energy goods index was partially offset by residential electric power prices — which edged up 0.1 percent, following a 0.3-percent decline in October.
		Excluding foods and energy, the index for intermediate goods rose 0.1 percent, the same rate of increase as in October.
	www.mma-net.org /newsinfo/news.asp?NEWSID=73 (1532 words)

	Growing Trade in Intermediate Goods: Outsourcing, Global Sourcing or Increasing Importance of MNE Networks?
		Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined.
		To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks.
		Increasing importance of MNE networks is found to be a reason of growing trade in intermediate goods in the cross-section and the time-series framework.
	ideas.repec.org /p/kie/kieliw/1006.html (485 words)

	Mish's Global Economic Trend Analysis: Intermediate vs. Finished PPI
		Because prices for food and energy have tended to be so erratic in recent years, some economists prefer to focus attention on an index measuring prices for finished goods other than foods and energy as a better measure of the so-called core or underlying rate of inflation.
		The Index for Intermediate Materials, Supplies, and Components is closely followed as an indicator of material cost pressures that may later appear in the Finished Goods Price Index or the CPI.
		Intermediate goods rose 0.5%, after a 0.7% rise in June.
	globaleconomicanalysis.blogspot.com /2006/08/intermediate-vs-finished-ppi.html (583 words)

	Consensus Economic News And Statistics Report
		Prices for finished goods other than foods and energy rose at a 0.8-percent SAAR for the first 11 months of 1999, after posting a 2.5-percent gain in the previous calendar year.
		The index for intermediate goods increased at a 4.0-percent SAAR from December 1998 to November 1999, following a 3.3-percent decline during 1998.
		Prices received by producers of intermediate goods gained 3.0 percent for the 12 months ended in November 1999, and the index for crude materials advanced 16.0 percent during the same period.
	www.consensus-inc.com /01999si/stats/usdl-ppi.htm (1732 words)

	Foreign trade - exports of intermediate goods in year 2000
		As reported by the Federal Statistical Office, Germany's exports of goods totalled DM 1,167.3 bn in the year 2000, which was an increase of 17.0% from the previous year.
		The group of intermediate goods, whose export value totalled DM 430.3 bn, showed the largest increase in exports from 1999 (+18.5%), followed by investment goods (DM 475.5 bn; +14.2%).
		The exports of durable consumer goods increased to DM 42.2 bn (+12.4%), while those of agricultural goods amounted to DM 9.4 bn (+9.1%).
	www.destatis.de /presse/englisch/pm2001/p1050181.htm (148 words)

	SSRN-Imports of Intermediate Goods and Growth in Manufacturing Industries in Jordan: An Empirical Investigation by ...
		The purpose of this study is to analyze the effect of imports of intermediate goods on the growth and development of the manufacturing industries in Jordan for the period 1969-1997.
		The estimated (OLS) results reveal that imports of intermediate goods have a significant positive impact on the growth and development of the manufacturing industries, and it would not be in Jordan's best interest to completely stop importing intermediate goods.
		While on the other hand, the cointegration analysis results show that imports of intermediate goods and growth in manufacturing industries in Jordan are not cointegrated.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=736743 (237 words)

	EconPapers: Trade in Intermediate Goods and International Specialization
		With factor price equalization and no trade in the intermediate good, there are no gains from trade by opening up the world to trade in the intermediate good.
		However, with factor price equalization and trade in the intermediate good, there can be losses from closing off trade in the intermediate good.
		We note that there are definable patterns of specialization for identical countries, given "compulsory" trade in intermediate goods between them.
	econpapers.repec.org /paper/qedwpaper/876.htm (223 words)

	Consensus - Futures Market - Financial
		The index for finished goods decreased 0.6 percent in April and 0.1 percent in March.
		Prices received by domestic producers of intermediate goods moved down 0.2 percent in May after declining 0.3 percent in the previous month.
		Prices received by domestic producers of intermediate goods decreased 0.7 percent for the 12 months ended in May, and the index for crude goods fell 4.6 percent during this same period.
	www.consensus-inc.com /061397/fin/finusdl2.htm (1424 words)

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