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Estimating Quarterly GRDP Using Benchmarking Method
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 Title & Authors
Estimating Quarterly GRDP Using Benchmarking Method
Lee, Geung-Hee;
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 Abstract
Gross Regional Domestic Product (GRDP) is regarded as an essential information to understand regional economy. However, GRDP is hardly used for establishment of regional economic plan and related statistical research due to its late and yearly publication. Therefore, it is necessary to estimate quarterly GRDP to grasp the current regional economy faster In this study, considering the comovement between GDP and GRDP for the same industry, reference series are made. Quarterly GRDP is estimated the following two steps; First, preliminary quarterly GRDP is estimated using Chow-Lin`s method based on the reference series to eliminate temporal discrepancies. Second, preliminary quarterly GRDP is adjusted using Denton`s multivariate method to eliminate contemporaneous discrepancies.
 Keywords
Chow-Lin`s benchmarking;Denton`s multivariate benchmarking;GDP;GRDP;temporal and contemporaneous constraints;
 Language
English
 Cited by
 References
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