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Monthly Prefecture-Level GDP in Japan

Author

Listed:
  • Daisuke Fujii

    (RIETI)

  • Taisuke Nakata

    (University of Tokyo)

  • Takeki Sunakawa

    (Hitotsubashi University)

Abstract

We propose a new measure of monthly prefecture-level GDP in Japan. Our measure is derived in two steps. In the first step, we compute the production-side GDP and expenditure-side GDP using a variety of official statistics. In the second step, we compute the simple average of the two levels and make an adjustment to it to ensure consistency with the official national quarterly GDP. For more recent periods when official statistics are not available, we estimate monthly GDP using alternative data. Our monthly prefecture-level GDP measures can be used to analyze various economic questions at regional levels.

Suggested Citation

  • Daisuke Fujii & Taisuke Nakata & Takeki Sunakawa, 2024. "Monthly Prefecture-Level GDP in Japan," CARF F-Series CARF-F-582, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    • Handle: RePEc:cfi:fseres:cf582
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    File URL: https://www.carf.e.u-tokyo.ac.jp/wp/wp-content/uploads/2024/04/F582.pdf
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    References listed on IDEAS

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    1. Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2015. "Realtime nowcasting with a Bayesian mixed frequency model with stochastic volatility," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 178(4), pages 837-862, October.
    2. Urasawa, Satoshi, 2014. "Real-time GDP forecasting for Japan: A dynamic factor model approach," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 116-134.
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