IDEAS home Printed from https://ideas.repec.org/a/bla/obuest/v54y1992i1p103-20.html
   My bibliography  Save this article

Revisions to the Components of the Trade Balance for the United Kingdom

Author

Listed:
  • Patterson, K D

Abstract

It is well known that the time series of the components of the trade balance undergo substantial revisions. This note summarizes the magnitude of revisions to appropriately scaled versions of the current price series for the exports of goods, the exports of services, the imports of goods, and the imports of services. The revisions are proportionately greatest for the services series with, for example, maximum positive revisions of +18.5 percent and +15.3 percent for the exports and imports series, respectively. The statistical evidence suggests the possibility of a structural break in the revisions process around 1977 for the exports of goods and imports of goods series; and, in the later period, the author cannot reject the hypothesis of unbiasedness for these two series. However, the author does firmly reject this hypothesis for the two services series. A fairly simple bias correction could be applied.to the biased series. Copyright 1992 by Blackwell Publishing Ltd

Suggested Citation

  • Patterson, K D, 1992. "Revisions to the Components of the Trade Balance for the United Kingdom," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(1), pages 103-120, February.
    • Handle: RePEc:bla:obuest:v:54:y:1992:i:1:p:103-20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patterson, K. D., 2003. "Exploiting information in vintages of time-series data," International Journal of Forecasting, Elsevier, vol. 19(2), pages 177-197.
    2. Christis Tombazos, 2003. "New light on the 'impressionistic view' of the balancing item in Australia's balance of payments accounts," Applied Economics, Taylor & Francis Journals, vol. 35(12), pages 1369-1378.
    3. Patterson, K. D., 1995. "Forecasting the final vintage of real personal disposable income: A state space approach," International Journal of Forecasting, Elsevier, vol. 11(3), pages 395-405, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:obuest:v:54:y:1992:i:1:p:103-20. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sfeixuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.