NDLI: Indices of Regional Economic Activity for Russia

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Indices of Regional Economic Activity for Russia

Content Provider	Scilit
Author	Smirnov, Sergey V. Kondrashov, Nikolai
Copyright Year	2017
Description	Journal: SSRN Electronic Journal Regional statistics published by the Russian Federal State Statistics Service (Rosstat) are reviewed in terms of quality, and radical disagreement between “month-on-month” and “year-on-year” monthly statistics is identified. In view of this, an original method is proposed for estimating the level of Regional Economic Activity (REA), based on monthly official regional statistics in five key sectors of the Russian economy: industry, construction, retail trade, wholesale trade, and paid services for the population. This method transforms current “year-on-year” growth rates into specially constructed dichotomous variables, which eliminate the excessive volatility and inaccuracy of the initial time series. On these grounds, REA indices are estimated for all Russian constituent entities for the period from January 2005 to May 2017. Composite REA indices for all five economic sectors, eight federal districts, and Russia as a whole are then calculated. Methods for visualising multidimensional regional data are also proposed. They allow us to track the regional peculiarities of the Russian economy and to discern the current phase of the business cycle more accurately and without any additional lag. Several illustrative examples for the possible application of these indices in real time monitoring and analyses are provided.
Related Links	https://wp.hse.ru/data/2017/08/08/1173382044/169EC2017.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3015244
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3015244
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-08-08
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Social Sciences, Interdisciplinary Business Cycles Economic Activity Federal Districts of Russia
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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