Regionalization of GDP Estimate by the Expenditure Approach
Description of the region’s economy methodologically ranks among the most complex statistical tasks. Although the regional data are very desirable and the offer of regional indicators is diverse, the comprehensive data on the economy of the region are often missing. The EU countries are obliged to prepare so called regional accounts that do not cover the entire sequence of accounts and even do not cover the expenditure method of GDP estimation. Official regional accounts, according to Eurostat methodology, are compiled by the Czech Statistical Office (here). Professional public’ s demand for detailed regional data is constantly very important, especially in terms of modelling the impacts of various economic events on the regional economy. For these purposes, it is very useful to use regional input-output tables (RIOT), which are usually not obtainable from the resources of the official statistics and therefore, they are often the subject of academic research.
Within the three-year grant funded by the Czech Science Foundation, members of the Department of Economic Statistics at the Prague University of Economics and Business compiled regional input-output tables connecting the production and expenditure methods for estimating GDP. These tables are compiled for all 14 NUTS 3 regions in the Czech Republic in 2011 according to the methodological standard of national accounting ESA 1995. Tables are symmetrical of the product x product type at basic prices. Nominal data are available according to sections of CZ-NACE (the concept is identical to the CZ-CPA) and technical coefficients are available according to the two-digit CZ-NACE. This presentation corresponds to the reliability of the resulting data based on economic and statistical methods.
Team:
doc. Ing. Jakub Fischer, Ph.D. (leader)
prof. Ing. Stanislava Hronová, CSc., dr. h. c
prof. Ing. Richard Hindls, CSc., dr. h. c
doc. Ing. Jaroslav Sixta, Ph.D.
Ing. Kristýna Vltavská, Ph.D.
Co-operation:
Ing. Jaroslav Kahoun
Ing. et Ing. Jana Kramulová, Ph.D.
Ing. Petr Musil, Ph.D.
Information about methodology of tabulating is available, for example, in:
SIXTA, Jaroslav, VLTAVSKÁ, Kristýna. Regional Input-output Tables: Practical Aspects of its Compilation for the Regions of the Czech Republic. Ekonomický časopis. 2016, roč. 64, č. 1, s. 56–69. ISSN 0013-3035.
SIXTA, Jaroslav, FISCHER, Jakub. Regional Input-Output Models: Assessment of the Impact of Investment in Infrastructure on the Regional Economy. In: Mathematical Methods in Economics 2015 (MME). Plzeň : University of West Bohemia, 2015, s. 719–724. ISBN 978-80-261-0539-8.
SIXTA, Jaroslav, FISCHER, Jakub, VLTAVSKÁ, Kristýna. Information Hidden in Regional InputOutput Tables. In: 16th ASMDA 2015 Conference and Demographics 2015 Proceedings. Piraeus : University of Piraeus, 2015, s. 907–914.
Documents to download:
– methodology and application of input-output tables (meanwhile in Czech only)
– Regional input-output tables of the Czech Republic in 2011, account of goods and services
– Regional input-output tables of the Czech Republic in 2011, overall tables, technical coefficients