A Statistical Analysis of Revisions of Swedish National Accounts Data

Caroline Flodberg () and Pär Österholm
Additional contact information
Caroline Flodberg: National Institute of Economic Research, Postal: National Institute of Economic Research, P.O. Box 3116, SE-103 62 Stockholm, Sweden, http://www.konj.se/

No 136, Working Papers from National Institute of Economic Research

Abstract: In this paper, we study revisions of Swedish national accounts data. Three aspects of the revisions are considered: volatility, unbiasedness and forecast efficiency. Our results indicate that the properties of the revisions are more problematic for the production side than for the expenditure side. The high volatility of the revisions on the production side indicates that it, based on the initial data release, generally is difficult to make clear cut statements concerning production in different industries within the business sector; it is also likely to make forecasting more difficult. Concerning unbiasedness, there appears to be shortcomings for a number of variables, including GDP; this finding implies that it could be possible to improve the production of the Swedish national accounts data.

Keywords: Real-time data; Volatility; Unbiasedness; Forecast efficiency (search for similar items in EconPapers)
JEL-codes: E01 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2015-02-04
New Economics Papers: this item is included in nep-for and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.konj.se/download/18.42684e214e71a39d072 ... al-accounts-data.pdf (application/pdf)

Related works:
Journal Article: A Statistical Anaysis of Revisions in Swedish National Accounts Data* (2017)
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:hhs:nierwp:0136

Access Statistics for this paper

More papers in Working Papers from National Institute of Economic Research National Institute of Economic Research, P.O. Box 3116, SE-103 62 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Sarah Hegardt Grant ( this e-mail address is bad, please contact ).