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Contribution to the Earlier Estimations of Quarterly National Accounts

Luboš Marek, Stanislava Hronová and Richard Hindls

Politická ekonomie, 2016, vol. 2016, issue 6, 633-650

Abstract: Quarterly national accounts provide short-term macroeconomic information matched with those of the annual accounts. Their mission is to provide synthetic information as soon as possible after the end of the quarter. Due to the pressure, caused by Eurostat shortening deadlines on publishing this information, the task is more of creating a methodology to be used in the Czech Republic. Based on faster and more effi cient approaches, it should enable to perform and present estimates of aggregates of quarterly national accounts for the last quarter (and forecasts for the current quarter) at a satisfactory level of reliability. Basic considerations on the methods of quarterly estimation should therefore depend on indirect methods, ie., on mathematical and statistical models, that enable (given there is a system of short survey estimates) to accelerate and shorten publishing. The article off ers an original methodology of estimating quarterly national accounts values, based on time series analysis and presents the results on the data of national accounts of the Czech Republic.

Keywords: system of national accounts; quarterly accounts; mathematical and statistical approach to the compilation of quarterly national accounts (search for similar items in EconPapers)
JEL-codes: C02 E01 N01 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.polek.1101

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