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Theoretical Procedures for International Comparison of Macroeconomic Result Indicators

Author

Listed:
  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies / „Artifex” University of Bucharest)

  • Alexandru MANOLE

    („Artifex” University of Bucharest)

  • Madalina-Gabriela ANGHEL

    („Artifex” University of Bucharest)

  • Andreea – Ioana MARINESCU

    (Bucharest University of Economic Studies)

Abstract

The issue of the comparability of the country’s macroeconomic performance indicators is of utmost importance. In principle, all countries that have national accounts using the macroeconomic accounting system use the same methodology in calculating these macroeconomic indicators. There are groups of states that are part of certain international bodies or associations (the European Union) and there is the question of the possibility of fair comparability of indicators. Improves the most used macroeconomic indicator of output is Gross Domestic Product or even more specific Gross Domestic Product Indicator / inhabitant. National indicators are clearly calculated, deflated and made available to international statistical bodies, Eurostat or world-wide international statistics and can be used in international comparisons. In this article, the authors focus on certain statistical methods used to compare International indicators. The statistical practice of the National Accounts System has revealed several comparison methods, the best known being binary comparison, multilateral comparison, star comparison, JRY-Ghanis method, country product Dummy. The authors highlight the main aspects of each of the methods used in the international comparison of indicators. From the way they are presented, conclusions can also be drawn about the effectiveness or relevance of these methods.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Madalina-Gabriela ANGHEL & Andreea – Ioana MARINESCU, 2017. "Theoretical Procedures for International Comparison of Macroeconomic Result Indicators," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(8), pages 58-66, August.
  • Handle: RePEc:rsr:supplm:v:65:y:2017:i:8:p:58-66
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    comparability; parity; model; process; pricing;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

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