Advanced Search
MyIDEAS: Login

Evaluating and Adjusting for Chain Drift in National Economic Accounts

Contents:

Author Info

  • Christian Ehemman

    (Bureau of Economic Analysis)

Registered author(s):

    Abstract

    Chain drift is the difference between the rate of change calculated by chaining an index over a multi period interval and that obtained using endpoints only. More generally, different linking intervals yield different estimates. In this paper, procedures are suggested for evaluating the severity of chain drift and choosing the most accurate estimate of multi period change when chain drift is significant. Applying these procedures to real aggregates in the national income and product accounts of the United States, it is shown that, in most cases, chain drift does not impair the accuracy of the estimates. Occasionally, however, the effects of chain drift are large.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.bea.gov/papers/pdf/EvaluatingandAdjusting.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Bureau of Economic Analysis in its series BEA Papers with number 0055.

    as in new window
    Length:
    Date of creation: Dec 2005
    Date of revision:
    Handle: RePEc:bea:papers:0055

    Contact details of provider:
    Phone: 202-482-4883
    Email:
    Web page: http://www.bea.gov/research/index.htm
    More information through EDIRC

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bea:papers:0055

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Bernstein).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.