Commodity-industry classificationproxy: A correspondence table between SITC revision 2 and ISIC revision 3
Year: 2010
Type: article
Abstract: The correspondence table is one of the important tools in categorizing existing records into different perspective. It \nhelps to understand the pattern of various economic activities from single source of data. Nevertheless, most of the \nexisting correspondence tables have been focusing more on the latest classification and neglect the correspondence \nfor the older version. Since some analysis would require longer series of data, therefore it is necessary to create a \ncorrespondence table for the earlier version of classification. This paper devoted to create a correspondence table \nbetween SITC Revision 2 and ISIC Revision 3 using a proxy method. The proxy is done using the SITC Rev.2 – SITC \nRev.3 correspondence table and the SITC Rev.3 – ISIC Rev.3 correspondence table. This method has capable to \ndirectly find an industrial match for more than 98 percent of commodities under SITC Rev.3. For remaining commodities which industrial category cannot be matched directly, the identification was done automatically based \non the closest code.
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1852813853