Advanced Search
MyIDEAS: Login

Estimating Quarterly GDP for the Interwar UK Economy: An Application to the Employment Function

Contents:

Author Info

  • Peter Hayes
  • Paul Turner

    ()
    (Department of Economics, The University of Sheffield)

Abstract

Chow and Lin (1971) set out a procedure for the generation of higher frequency estimates for series for which data is available at a low frequency using data on a related series at the higher frequency. In this paper we set out a simple algorithm for the generation of quarterly estimates for a series for which annual data is available and quarterly data is available for the related series. We apply this to data for interwar Gross Domestic Product using Industrial Production as the related series. Using this approach we generate quarterly GDP figures for the period 1920.1 to 1938.4. This series is valuable in that it can be used to estimate a cointegrating relationship between employment, real wages and aggregate output which is not possible when we use industrial production directly as our quarterly measure of aggregate demand.

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.shef.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.shef.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf [301 Moved Permanently]--> http://www.sheffield.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf). If this is indeed the case, please notify (Georgios Efthyvoulou)
File Function: First version, 2003
Download Restriction: no

File URL: http://www.shef.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.shef.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf [301 Moved Permanently]--> http://www.sheffield.ac.uk/content/1/c6/06/31/68/SERP2003003.pdf). If this is indeed the case, please notify (Georgios Efthyvoulou)
File Function: Revised version, 2003
Download Restriction: no

Bibliographic Info

Paper provided by The University of Sheffield, Department of Economics in its series Working Papers with number 2003003.

as in new window
Length: 31 pages
Date of creation: Mar 2003
Date of revision: Mar 2003
Handle: RePEc:shf:wpaper:2003003

Contact details of provider:
Postal: 9 Mappin Street, SHEFFIELD, S1 4DT
Phone: +44 114 222 3399
Fax: + 44 (0)114 222 3458
Email:
Web page: http://www.shef.ac.uk/economics
More information through EDIRC

Related research

Keywords: Chow-Lin procedure; interwar GDP; employment function.;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Chow, Gregory C & Lin, An-loh, 1971. "Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series," The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 372-75, November.
  2. Hatton, T J, 1983. "Unemployment Benefits and the Macroeconomics of the Interwar Labour Market: A Further Analysis," Oxford Economic Papers, Oxford University Press, vol. 35(3), pages 486-505, November.
Full references (including those not matched with items on IDEAS)

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:shf:wpaper:2003003. See general information about how to correct material in RePEc.

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

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.