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A Statistical Anaysis of Revisions in Swedish National Accounts Data

Author

Listed:
  • Caroline Flodberg

    (Sveriges Riksbank)

  • Pär Österholm

    (School of Business, Örebro University)

Abstract
In this paper, we study revisions of Swedish national accounts data. Three aspects of the revisions are considered: volatility, unbiasedness and forecast efficiency. Our results indicate that the properties of the revisions are more problematic for the production side than for the expenditure side. The high volatility of the revisions on the production side indicates that it is generally difficult to make clear cut statements concerning production across industries within the business sector based on the initial data release; it is also likely to make forecasting more difficult.

Suggested Citation

  • Caroline Flodberg & Pär Österholm, 2017. "A Statistical Anaysis of Revisions in Swedish National Accounts Data," Finnish Economic Papers, Finnish Economic Association, vol. 28(1), pages 10-33, Autumn.
    • Handle: RePEc:fep:journl:v:28:y:2017:i:1:p:10-33
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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