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The short-term turnover estimates in Bosnia and Herzegovina based on the VAT data

Author

Listed:
  • Kanlić Fahir

    (Department for Industry and Construction Statistics, Agency for statistics of Bosnia and Herzegovina, Sarajevo, Bosnia and Herzegovina)

  • Abdić Ademir

    (Department for Quantitative Methods, School of Economics and Business in Sarajevo, Sarajevo, Bosnia and Herzegovina)

Abstract

National Statistical Institutes (NSIs) strive to produce short-term business statistics (STS) indicators with the high quality estimates in a timely manner. NSIs are usually faced with the challenges, such as differences in definitions, incompleteness of administrative data, periodicity and timeliness, coverage issues, etc. Administrative Value Added Tax (VAT) turnover data can be used to partially or completely replace survey data for the estimation of short-term business turnover indicators. In this paper, main characteristics of administrative VAT turnover data in Bosnia and Herzegovina will be examined through cleaning of VAT turnover data and matching them with survey data. Hence, the main objective of this study is to investigate the relationship between VAT turnover data and survey data in in Bosnia and Herzegovina. The Monthly Retail Trade Turnover Indices (RTI) for in Bosnia and Herzegovina will be estimated by using administrative VAT turnover data. Spearman’s correlation coefficients are used to examine the presence of a linear relationship between VAT turnover data and survey data. Results gained by using survey and administrative VAT turnover data will be compared. Based on the results of the analysis, future challenges and perspectives for expansion of using administrative VAT turnover data will be identified.

Suggested Citation

  • Kanlić Fahir & Abdić Ademir, 2018. "The short-term turnover estimates in Bosnia and Herzegovina based on the VAT data," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 4(2), pages 23-34, November.
    • Handle: RePEc:vrs:crebss:v:4:y:2018:i:2:p:23-34:n:4
    DOI: 10.2478/crebss-2018-0010
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    More about this item

    Keywords

    administrative data; business statistics; estimation methods; Value Added Tax (VAT);
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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