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On estimating contemporaneous quarterly regional GDP

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Author Info
Bernardí Cabrer-Borrás (Departamento de Análisis Económico, Universidad de Valencia, Spain)
Jose Manuel Pavía-Miralles (Departamento Economía Aplicada, Universidad de Valencia, Spain)
Abstract

Subnational regional jurisdictions rarely have at their disposal a reasonable array of timely statistics to monitor their economic condition. In light of this, we develop a procedure that simultaneously estimates a quarterly time series for all regions of a country based upon quarterly national and annual regional data. While other such techniques exist, we suggest a temporal error structure that eliminates possible spurious jumps. Using our approach, regional analysts should now be able to distribute national growth among regions as soon as quarterly national figures are released. In a Spanish application, we detail some practicalities of the process and show that our proposal produces better estimates than the uniregional methods often used.  Copyright © 2007 John Wiley & Sons. Ltd.

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File URL: http://hdl.handle.net/10.1002/for.1018
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Publisher Info
Article provided by John Wiley & Sons, Ltd. in its journal Journal of Forecasting.

Volume (Year): 26 (2007)
Issue (Month): 3 ()
Pages: 155-170
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:jof:jforec:v:26:y:2007:i:3:p:155-170

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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/2966

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This page was last updated on 2008-9-2.

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