Aggregation and Seasonal Adjustment: Empirical Results for EMU Quarterly National Accounts

Katja Rietzler (), Sabine Stephan and Juergen Wolters

No 228, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: This paper investigates the differences between directly and indirectly seasonally adjusted aggregates. This difference is derived analytically for linear seasonal adjustment methods. GDP data for five European countries and three classes of seasonal adjustment methods are used to show empirically the differences between both approaches. For this purpose cointegration methods and cross-spectral analysis are applied. The analysis shows that there are no differences in the long-run components of directly and indirectly adjusted aggregates, whereas differences in the short-run components depend strongly on the seasonal adjustment methods applied in the indirect and direct approaches.

JEL-codes: C49 (search for similar items in EconPapers)
Pages: 25 p.
Date: 2000
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_01.c.38621.de/dp228.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp228

Access Statistics for this paper

More papers in Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().