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 Howard E. Doran (2005). Constructing internationally comparable real income aggregates by combining sparse benchmark data with annual national accounts data: A state-space approach. CEPA Working Paper Series WP03/2005, Centre for Efficiency and Productivity Analysis, School of Economics, University of Queensland.


Author Rambaldi, Alicia N.
Rao, D.S. Prasada
Howard E. Doran
Title Constructing internationally comparable real income aggregates by combining sparse benchmark data with annual national accounts data: A state-space approach
School, Department or Centre Centre for Efficiency and Productivity Analysis
Institution School of Economics, University of Queensland
Series CEPA Working Paper Series
Report Number WP03/2005
Publication date 2005-04
Publisher Centre for Efficiency and Productivity Analysis
Start page 1
End page 22
Total pages 22
Language eng
Subject 140302 Econometric and Statistical Methods
140304 Panel Data Analysis
1403 Econometrics
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
Keyword Real income aggregates
Penn World Tables
Purchasing power parities (PPP)
International Comparisons Project
National accounts
Gross domestic product
Additional Notes Revised version of the paper prepared for the: WORKSHOP ON FRONTIERS IN BENCHMARKING TECHNIQUES AND THEIR APPLICATION TO OFFICIAL STATISTICS Organised by OECD and EUROSTAT Luxembourg, 7 & 8 April 2005 Plateau du Kirchberg ISBN: 9289486295

 
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Created: Thu, 26 Mar 2009, 15:47:45 EST by Maria Campbell on behalf of Faculty of Business, Economics & Law