Economics at your fingertips  


Ted Reininga and Brugt Kazemier ()

Review of Income and Wealth, 1998, vol. 44, issue 2, 229-237

Abstract: In 1991 Statistics Netherlands introduced their early flash estimates of the Quarterly National Accounts. In this article we examine a new, faster flash estimate, some three to four weeks earlier. The gain is made by using a simple regression technique and incomplete data. To compensate for the lack of data, information on the number of working days and shopping days was added to the regression. The inclusion of these calendar aspects significantly affect GDP growth: 0.30 percent point extra GDP growth for one extra working day, and 0.17 percent point for one extra shopping day. The cost of an earlier estimate is a decrease of reliability. The probability of a forecast error of over 0.5 percent point will be about 26 percent, compared to 12 percent for the official flash estimate.

Date: 1998
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2021-03-28
Handle: RePEc:bla:revinw:v:44:y:1998:i:2:p:229-237