Revisions to Quarterly National Accounts data in Luxembourg

Bob Krebs

No 136, BCL working papers from Central Bank of Luxembourg

Abstract: This study examines the revision histories of national accounts data in Luxembourg. I analyse first releases and revisions in the quarterly national accounts (QNA) published by the National Institute of Statistics (STATEC). Reliability is evaluated by measuring revision size, variability as well as the frequency in sign changes and acceleration/deceleration switches. In addition, the predictability of revisions is assessed by applying regression analysis. Overall, the results point to high uncertainty surrounding early QNA estimates, also in international comparison. I find that revisions to GDP and its components are substantial. While there is no clear evidence of a bias in year-on-year real GDP growth, this does not hold for some GDP components.

Keywords: National accounts data; real-time analysis; data revisions (search for similar items in EconPapers)
JEL-codes: C82 E01 E66 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2019-11
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp136

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