Early determination of stable results for gross domestic product or real economic growth and gross value added at federal state level
The project examines whether the accuracy of the first estimate of gross value added and gross domestic product for the federal states can be increased, thereby reducing the extent of subsequent revisions. Alternative econometric methods and additional data are used for this purpose. First, it is analysed in which areas the revisions are stronger than in others. GDP and gross value added (GVA) are included in the analysis at the A*10 economic sector level with summaries. The official results are then compared to those of the alternative approaches. Overall, the extent to which the need for revision could be reduced using alternative methods is relatively small.
Funded by: Landesbetrieb Information und Technik Nordrhein-Westfalen
- Funding period: 01.01.2023 - 31.12.2023
- Project coordinator: RWI - Leibniz Institute for Economic Research
- Research group: Econometric Tools for Macroeconomic Forecasting and Simulation
- Department: Macroeconomics
Vice President Department Head
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