Constructing internationally comparable real income aggregates by combining sparse benchmark data with annual national accounts data: A state-space approach

Rambaldi, Alicia N., Rao, D. S. Prasada and Doran, Howard E. (2005). Constructing internationally comparable real income aggregates by combining sparse benchmark data with annual national accounts data: A state-space approach. In: Euro Indicators: Workshop on Frontiers in Benchmarking Techniques and Their Application to Official Statistics. Workshop on Frontiers in Benchmarking Techniques and Their Application to Official Statistics, Luxembourg, Belgium, (1-22). 7-8 April 2005.


Author Rambaldi, Alicia N.
Rao, D. S. Prasada
Doran, Howard E.
Title of paper Constructing internationally comparable real income aggregates by combining sparse benchmark data with annual national accounts data: A state-space approach
Conference name Workshop on Frontiers in Benchmarking Techniques and Their Application to Official Statistics
Conference location Luxembourg, Belgium
Conference dates 7-8 April 2005
Proceedings title Euro Indicators: Workshop on Frontiers in Benchmarking Techniques and Their Application to Official Statistics
Place of Publication Luxembourg, Belgium
Publisher Office for Official Publications of the European Communities
Publication Year 2005
Sub-type Fully published paper
ISBN 92-894-8629-5
ISSN 1725-4825
Start page 1
End page 22
Total pages 22
Collection year 2006
Language eng
Abstract/Summary The importance of availability of comparable real income aggregates and their components to applied economic research is highlighted by the popularity of the Penn World Tables. Any methodology designed to achieve such a task requires the combination of data from several sources. The first is purchasing power parities (PPP) data available from the International Comparisons Project roughly every five years since the 1970s. The second is national level data on a range of variables that explain the behaviour of the ratio of PPP to market exchange rates. The final source of data is the national accounts publications of different countries which include estimates of gross domestic product and various price deflators. In this paper we present a method to construct a consistent panel of comparable real incomes by specifying the problem in state-space form. We present our completed work as well as briefly indicate our work in progress.
Subjects E1
340402 Econometric and Statistical Methods
720599 Measurement standards and calibration services not elsewhere classified
140302 Econometric and Statistical Methods
140304 Panel Data Analysis
Keyword real income aggregates
Q-Index Code E1
Additional Notes Series title: Euroindicators: Working Papers and Studies. General and Regional Statistics. Cat. No. KS-DT-05-005-EN-N

 
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Created: Thu, 23 Aug 2007, 21:09:48 EST