Fixed Base Year Vs Chain Linking In National Accounts
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Fixed Base Year Vs Chain Linking In National Accounts
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Author : Mr.Robert Dippelsman
language : en
Publisher: International Monetary Fund
Release Date : 2016-07-08
Fixed Base Year Vs Chain Linking In National Accounts written by Mr.Robert Dippelsman and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-08 with Business & Economics categories.
There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African countries are hesitant to do so, in part because of the computation and data requirements, and resource constraints. What difference does this make for the accuracy of the growth rates? From detailed data provided by three Sub-Saharan African countries we run simulations and conclude that the differences of GDP growth using the two approaches are small and do not behave in the consistent way found in advanced countries. We also show that weak deflation techniques and overly aggregated classifications used to derive volume measures can lead to large distortions. We conclude that improved deflation techniques and detailed classification should be addressed before adopting chain linking.
Fixed Base Year Vs Chain Linking In National Accounts
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Author : Robert J. Dippelsman
language : en
Publisher:
Release Date : 2016
Fixed Base Year Vs Chain Linking In National Accounts written by Robert J. Dippelsman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African countries are hesitant to do so, in part because of the computation and data requirements, and resource constraints. What difference does this make for the accuracy of the growth rates? From detailed data provided by three Sub-Saharan African countries we run simulations and conclude that the differences of GDP growth using the two approaches are small and do not behave in the consistent way found in advanced countries. We also show that weak deflation techniques and overly aggregated classifications used to derive volume measures can lead to large distortions. We conclude that improved deflation techniques and detailed classification should be addressed before adopting chain linking.
Quarterly National Accounts Manual
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Author : Mr.Adriaan M. Bloem
language : en
Publisher: International Monetary Fund
Release Date : 2001-05-10
Quarterly National Accounts Manual written by Mr.Adriaan M. Bloem and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05-10 with Business & Economics categories.
This Manual provides guidance to compilers of national accounts on the concepts, data sources, and compilation methods required for development of a system of quarterly national accounts. More and more countries are recognizing that quarterly national accounts are an essential tool for management and analysis of their economy. The Manual is intended particularly for compilers who already have a knowledge of annual national accounting concepts and methods, and provides techniques for the development of a consistent time series of annual and quarterly accounts. It serves as acomplement to the System of National Accounts 1993, which has only a limited discussion of quarterly accounts, and will also prove useful as a tool for sophisticated users of quarterly national accounts.
Changes In Inventories In The National Accounts
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Author : Mr.Segismundo Fassler
language : en
Publisher: International Monetary Fund
Release Date : 2003-06-01
Changes In Inventories In The National Accounts written by Mr.Segismundo Fassler and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-01 with Business & Economics categories.
The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.
The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis
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Author : Francien Berry
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-02
The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis written by Francien Berry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-02 with Business & Economics categories.
This paper examines the status of GDP compilation in 189 economies against six key criteria that describe national accounts compilation practices: whether the benchmark year is up to date, the availability and timeliness of annual and quarterly GDP, whether GDP by production and expenditure approaches are compiled independently to allow for comparisons, whether estimates by the income approach are available, and the vintage of the System of National Accounts (SNA) applied. We used publicly available information including from the IMF’s Dissemination Standards Bulletin Board (DSBB), and, for 108 developing economies, information provided by the IMF’s real sector advisors stationed in the Fund’s 10 Regional Technical Assistance Centers (RTACs). The data were compared with the UNSD and World Bank databases. We find that 50 percent of economies have acceptable benchmark years, 72 percent report timely annual GDP data, while 55 percent of economies report timely data for quarterly GDP. The study presents some conclusions for priorities of capacity development.
Evolution Of National Accounts Statistics Compilation Practices Over The Period 2018 To 2021 In 189 Economies
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Author : Anthony Silungwe
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-21
Evolution Of National Accounts Statistics Compilation Practices Over The Period 2018 To 2021 In 189 Economies written by Anthony Silungwe and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-21 with Business & Economics categories.
This paper analyzes the evolution of national accounts statistics compilation practices over the period of 2018 to 2021 for 189 economies. This is useful information for monitoring the quality of national accounts statistics and supporting identification of areas for improvement. Economies can use this data to benchmark their practices to the region and the world. Many economies have made strides in implementing 2008 SNA to better reflect the size and structure of the economy however, there hasn’t been an assessment on how quick the migration is. With the new 2025 SNA vintage on the horizon, it was imperative to check how many economies are using the 2008 SNA vintage as it will provide a clue to how fast authorities will migrate to the new framework. We found that 31 economies have moved to the 2008 SNA between 2018 and 2021. The paper also examined how many economies started compiling quarterly GDP during the period 2018 and 2021.
Index Numbers And Their Relationship With The Economy
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Author : Economic Commission for Latin America and the Caribbean
language : en
Publisher: United Nations
Release Date : 2022-09-26
Index Numbers And Their Relationship With The Economy written by Economic Commission for Latin America and the Caribbean and has been published by United Nations this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-26 with Business & Economics categories.
Index numbers are the basic instrument for synthesizing economic statistics so that the formulas used make it possible to express and describe, for example, the economic growth of a country or the inflation rate of an economy, and also to make international comparisons. If different formulas are used, the results differ and the comparisons are not valid. Hence the importance of knowing the formulas used, and that countries and international organizations promote common practices that harmonize and standardize measurements. Although index numbers are linked to macroeconomics, their theoretical foundation is based on microeconomics. This publication summarizes the links between price and volume index numbers and microeconomic theory, introduces recommended formulas for international measurements, and explains how to use them in international price and volume comparisons.
Consumer Price Index Manual
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Author : International Labour Office
language : en
Publisher: International Labour Organization
Release Date : 2004-08-25
Consumer Price Index Manual written by International Labour Office and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-25 with Business & Economics categories.
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
2020 Global Stocktaking Of National Accounts Statistics Availability For Policy And Surveillance
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Author : Anthony Silungwe
language : en
Publisher: International Monetary Fund
Release Date : 2022-02-11
2020 Global Stocktaking Of National Accounts Statistics Availability For Policy And Surveillance written by Anthony Silungwe and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-11 with Business & Economics categories.
This paper analyzes the availability, methodological soundness, and scope of National Accounts statistics in IMF member and non-member countries in 2020. National Account statistics are instrumental in the development of fiscal and monetary policy and in monitoring economic developments. This analysis examines the appropriateness of the current set of global national accounts statistics for current policy development and highlights regions where further development may be required. The assessment is based on the results of a national accounts survey conducted by Fund staff that examined the scope of national accounts programs in IMF member countries. The survey was completed by statistical authorities between March 2021 and July 2021. The information reflects the state of National Accounts Programs as of the end 2020. In cases of non-response, IMF staff used information taken from the IMF’s Dissemination Standards Bulletin Board (DSBB) and country websites to provide the status of national accounts compilation practices. This analysis summarizes the following key indicators: time lag of national accounts benchmarks, availability annual and quarterly GDP estimates, vintage of the System of National Accounts (SNA), index formula used for calculating annual constant price (volume) estimates, availability of GDP by different approaches, timeliness of disseminating and annual and quarterly GDP estimates, availability institutional sector accounts, and access to source data.
Quarterly National Accounts Manual 2017 Edition
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Author : Mr.Kwangwon Lee
language : en
Publisher: International Monetary Fund
Release Date : 2018-11-06
Quarterly National Accounts Manual 2017 Edition written by Mr.Kwangwon Lee and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-06 with Business & Economics categories.
The Quarterly National Accounts Manual (the Manual) provides conceptual and practical guidance for compiling quarterly national accounts (QNA) statistics. The Manual offers a comprehensive review of data sources, statistical methods, and compilation techniques to derive official estimates of quarterly GDP. The new edition—which upgrades the first edition, published in 2001—improves and expands the previous content based on recent methodological advances, best country practices, and suggestions received from QNA compilers and experts.