Advanced estimates of regional accounts: an alternative approach by spatial panels
The policies related to regional economic activity developed by European Union (EU) and the role played by regions as economic subject have determined a bigger set of disaggregated statistics at macroeconomic level. The methodologies used nowadays by the Italian national institute of statistics (ISTAT) are based on an information set build on the basis of inner statistical surveys and other external sources. The estimates of regional accounts carried out on the complete information set require an amount of time bigger than the one expected for the already mentioned aims. A strong need to carry out advanced estimates of regional accounts in a quicker time has emerged. The Kalman filter could be the right tool if we use a short time series span. Since it is available a larger data set from ISTAT web site (www.istat.it) from 1980 up to 2004, a different approach will be performed here, and is mainly based on Spatial Panel recently used by Elhorst and Baltagi. SAR (simultaneous autocorrelation model) and SEM (simultaneous error model) will be used. In a similar fashion the first log differences of ULA (units of labour) will be used to forecast the first log differences of four value added branches at constant prices. Finally some conclusions will be drawn on the performances of SAR and SEM
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.:
- repec:dgr:rugsom:01c05 is not listed on IDEAS
- Elhorst, J. Paul, 2001. "Panel data models extended to spatial error autocorrelation or a spatially lagged dependent variable," Research Report 01C05, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Giuseppe Arbia & Gianfranco Piras, 2004.
"Convergence in per-capita GDP across European regions using panel data models extended to spatial autocorrelation effects,"
ERSA conference papers
ersa04p524, European Regional Science Association.
- Giuseppe Arbia & Gianfranco Piras, 2005. "Convergence in per-capita GDP across European regions using panel data models extended to spatial autocorrelation effects," ISAE Working Papers 51, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
- Badi Baltagi & Dong Li, 2006. "Prediction in the Panel Data Model with Spatial Correlation: the Case of Liquor," Spatial Economic Analysis, Taylor & Francis Journals, vol. 1(2), pages 175-185.
- Badi H. Baltagi & Dong Li, 2006. "Prediction in the Panel Data Model with Spatial Correlation: The Case of Liquor," Center for Policy Research Working Papers 84, Center for Policy Research, Maxwell School, Syracuse University.
When requesting a correction, please mention this item's handle: RePEc:sce:scecfa:287. 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: (Christopher F. Baum)
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.