Disaggregating Data Using Related Series |
| |
Authors: | James A Wilcox |
| |
Institution: | School of Business Administration, University of California , Berkeley , CA , 94720 |
| |
Abstract: | Quarterly real GNP and implicit GNP deflator series are derived for the 1948–1970 period using the related series technique of Chow and Lin. These estimated series are compared with the official, revised series; to official, unrevised series; and to univariate proxies using regression, time series, and spectral methods. The derived series possess autocorrelation and turning point characteristics similar to those of the official, revised series. The derived series also deliver structural equation parameter estimates similar to those based on official, revised data. |
| |
Keywords: | Chow-Lin technique Money demand Missing data Instrumental variable Proxy variable Temporal aggregation |
|
|