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Computing additive contributions to growth and other issues for chain-linked quarterly aggregates

Author

Listed:
  • Franck Arnaud

    (INSEE Paris - INSEE Paris)

  • Jocelyn Boussard

    (CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique)

  • Aurélien Poissonnier

    (X - École polytechnique)

  • Hélène Soual

    (INSEE Paris - INSEE Paris)

Abstract

Since 2007, the French Quarterly National Accounts use a chain-linking method to measure volumes in replacement of volumes in constant prices of the reference year. This paper gathers 7 years of experience of the Quarterly National Accounts unit on this particular topic. We first recall the annual overlap method used in France in comparison with the one quarter overlap method sometimes preferred in other countries. Based on numerical simulations, we show the distribution of two well-known effects: trend effects when elemental prices have different dynamics and non-additivity. In particular, the variance of these effects increases away from the reference year. We also expose two new reasons to prefer the annual overlap method to the one quarter overlap: first, additive contributions to growth can be computed; second, unpleasant interactions with seasonal and trading day adjustment can be avoided.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Franck Arnaud & Jocelyn Boussard & Aurélien Poissonnier & Hélène Soual, 2019. "Computing additive contributions to growth and other issues for chain-linked quarterly aggregates," Working Papers hal-02353167, HAL.
    • Handle: RePEc:hal:wpaper:hal-02353167
    Note: View the original document on HAL open archive server: https://hal.science/hal-02353167
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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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