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The System of Short-Term Regional Economic Monitoring in Moscow

Author

Listed:
  • A. A. Shirov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • V. V. Potapenko

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • K. M. Nikitin

    (Tax Policy Center)

  • Yu. Yu. Chaplina

    (Tax Policy Center)

Abstract

The article describes the system of short-term regional economic monitoring. The system has been developed by the authors and tested in Moscow since 2020. It consists of four hierarchical levels: aggregated regional economy, largest industries of regional economy, largest organizations by industry, small business. The system is a tool for short-term detailed analysis of regional economic performance. Both official national statistics and different auxiliary statistical sources have been embedded into the monitoring. Within the system a set of coincident indicators have been developed that allows for providing monthly estimates of gross regional product’s growth rate with one month lag.

Suggested Citation

  • A. A. Shirov & V. V. Potapenko & K. M. Nikitin & Yu. Yu. Chaplina, 2022. "The System of Short-Term Regional Economic Monitoring in Moscow," Studies on Russian Economic Development, Springer, vol. 33(3), pages 301-310, June.
    • Handle: RePEc:spr:sorede:v:33:y:2022:i:3:d:10.1134_s1075700722030145
    DOI: 10.1134/S1075700722030145
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    References listed on IDEAS

    as
    1. Sergey V. Smirnov & Nikolay V. Kondrashov, 2019. "Indices of Regional Economic Activity for Russia," Societies and Political Orders in Transition, in: Sergey Smirnov & Ataman Ozyildirim & Paulo Picchetti (ed.), Business Cycles in BRICS, pages 363-375, Springer.
    2. N. N. Mikheeva, 2020. "Possible Alternatives to the Gross Regional Product Indicator," Studies on Russian Economic Development, Springer, vol. 31(1), pages 24-30, January.
    3. Gerhard Fenz & Helmut Stix, 2021. "Monitoring the economy in real time with the weekly OeNB GDP indicator: background, experience and outlook," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/20-Q1/, pages 17-40.
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