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Stabilita čtvrtletních odhadů užití hrubého domácího produktu
[Quarterly estimates of expenditures on gross domestic product and their stability]

Author

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  • Jakub Fischer

Abstract

The article is engaged in the improvement of quarterly information on the gross domestic product by type of expenditures from the first expectations to final data. It concludes that the first estimate of GDP is under-estimated. This underestimation is caused by underestimation of the final households consumption expenditures and of the gross fixed capital formation. At the balancing process, when the above-mentioned items of expenditures are under-estimated, the surplus of resources side could be allocated to the change in stock of inventories item. Thus this item contains the discrepancy between the resources side and expenditures side of GDP and is disqualified from its role in business-cycle analysis. Differences of biases in constant prices data and in current prices data are also stated.

Suggested Citation

  • Jakub Fischer, 2004. "Stabilita čtvrtletních odhadů užití hrubého domácího produktu [Quarterly estimates of expenditures on gross domestic product and their stability]," Politická ekonomie, Prague University of Economics and Business, vol. 2004(3), pages 344-355.
    • Handle: RePEc:prg:jnlpol:v:2004:y:2004:i:3:id:464:p:344-355
    DOI: 10.18267/j.polek.464
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    Citations

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    Cited by:

    1. Jakub Fischer & Kristýna Vltavská & Igor Krejčí, 2013. "The Impact of Revisions of National Accounts on the Estimation of Derived Indicator [Dopad revizí v národních účtech na odhady odvozeného indikátoru]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2013(4), pages 20-33.

    More about this item

    Keywords

    gross domestic product; statistical deflating; GDP estimates revisions; statistical discrepancy;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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