Limit search to available items
Book Cover
E-book
Author Dippelsman, Robert, author, (IMF staff)

Title Fixed base year vs. chain linking in national accounts : experience of Sub-Saharan African countries / prepared by Robert Dippelsman, Venkat Josyula, and Eric Métreau
Published [Washington, D.C.] : International Monetary Fund, [2016]
©2016

Copies

Description 1 online resource (22 pages) : color illustrations
Series IMF working paper ; WP/16/133
IMF working paper ; WP/16/133.
Summary There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African countries are hesitant to do so, in part because of the computation and data requirements, and resource constraints. What difference does this make for the accuracy of the growth rates? From detailed data provided by three Sub-Saharan African countries we run simulations and conclude that the differences of GDP growth using the two approaches are small and do not behave in the consistent way found in advanced countries. We also show that weak deflation techniques and overly aggregated classifications used to derive volume measures can lead to large distortions. We conclude that improved deflation techniques and detailed classification should be addressed before adopting chain linking
Notes "July 2016."
At head of title: International Monetary Fund, Statistics Department
Bibliography Includes bibliographical references (page 20)
Notes Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 12, 2016)
Subject Economic development -- Africa, Sub-Saharan -- Econometric models
Gross domestic product -- Africa, Sub-Saharan -- Econometric models
Deflation (Finance) -- Africa, Sub-Saharan -- Econometric models
Deflation (Finance) -- Econometric models
Economic development -- Econometric models
Gross domestic product -- Econometric models
Sub-Saharan Africa
Form Electronic book
Author Josyula, Venkata, author, (IMF staff)
Métreau, Eric, author, (IMF staff)
International Monetary Fund, publisher.
International Monetary Fund. Statistics Department, issuing body.
ISBN 9781475569339
1475569335