international comparison program (icp) overview of 2003 round workshop goals and objectives fred...
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International Comparison Program (ICP)
Overview of 2003 RoundWorkshop Goals and Objectives
Fred Vogel, Global Manager
Workshop Goals and Objectives
Establish global and regional responsibilities—who does whatAgree on timetableImplement Memoranda of UnderstandingReview technical issues for the ICPReview funding issuesTeam Building
Overview of the Agenda
Overview of the ICP—the big pictureManagement and coordinationThe expenditure aggregatesExpenditure weightsPricing conceptsBuilding the list
Goals
Clear understanding of roles and responsibilities of global, regional and national organizationsAgreement on timetable and activities to prepare for price collectionFoster open candid discussions
Basic Objectives of the ICP
Provide International Comparisons of GDP and Per Capita Expenditures
Why is this so Important?
Basic uses of official statisticsMake policy—who gets whatGuide investment decisionsEnhance competitive markets
Globalization of world economies requiring multilateral comparisonsIndividual countries no longer can operate in a vacuum
The Problem
Need to articulate uses of PPP’s beyond as a research toolNeed to establish credibility in resultsNeed to provide timely, consistent, defensible results
Framework proposals• Link the ICP with national statistical
activities (price collection, national accounts, household surveys);
• Build national statistical capacity and help with marginal costs;
• Provide competent coordination and governance at regional and global levels;
• Invest in research to address technical issues
The Scope—Expenditures and Prices
Up to 220 Basic HeadingsNeed expenditure weightsDescriptions of items and prices
Household Consumption— up to 140+
2-3,000 items make up pricing listsPrice 1,000 +/- items to obtain national, annual, average pricesItems must be comparable across countries, representative within
Problems-Previous Round
Who was in Charge?Not enough moneyInsufficient documentationInflexible list of items to priceLack of standards and proceduresDistrust-countries, regions, global levels
What’s New with this round of the ICP?
What’s New with this Round of the ICP?
Governance
Global Office
Tech Advisory
Group
AsiaPacific
LACCIS WestAsia
Africa
Council
Executive Board
Eurostat/OECD
What’s New with this Round of the ICP?
Research
Examples of Research Topics
Thirty years of Index Number TheoryStill debating
EKS vs. CPD for Basic Heading PPPsEKS vs. G-K to Aggregate
Difficult to apply Statistical Theory onNumber of items to price in a basic headingSelection of the items to be representative and comparableEstimation of National Annual Averages
What’s New?
Memorandum of Understanding
Policy regarding•Data Collection•Data submission•Data sharing and review
What’s New?
HandbookTool PackRe-design web site, newsletter
What’s New?
Project Plan—timeline
The timetable and work plan
Name Executive Board & MeetNominate Technical AdvisorsWrite New ICP HandbookPrepare MOUs with Regional and National CoordinatorsDevelop Data Sharing & Access PoliciesRedesign website
Feb 03Feb 03Mar 03Mar 03
Mar 03
May 03
More timetable and work planPrepare training materialsPrepare Basic heading list
Workshop with Regional ICP CoordinatorsRegional Coordinators meet with National Coordinators to begin preparing list of products to price
March 03March 03
March 03
May 03
More timetable
Price list for Ring ComparisonGlobal review of regional listsPrepare specs for Bills of Quantities, rents, equipmentAgreements with countries on computing National, Annual Average Prices
mid 03Oct 03Oct 03
Oct 03
More timetable and work plan
Final Product list prepared for regions and ring countriesTrain National Coordinators for price collection and Tool PackTranslate product listsPrice collection begins
Dec 03
Nov 03
Jan-Mar 03Apr 04
Overview of 2003 Round
Determine lowest level of GDP for which expenditure weights are availableDetermine items to price Collect Prices—2004—2005Data edit/analysis —2005Publish results—2006Evaluate process—2006Begin planning for next round--2007
What’s New?
Global Comparison—Ring Concept
Regional Vs Global Comparisons
Regional Vs Global ComparisonsAfrica
Asia
W.Asia CIS
LAC
Euro-OECD
Ring
Ring Country Concept
Latin AmericaAsiaWestern AfricaAfricaCISEuropeNon EU
Chile, Mexico, Brazil
Indonesia, India, KoreaEgypt, Oman
S. Africa, Ethiopia, Cote-d’IvoreRussia, KazakhstanAustria, UK, Portugal, SloveniaAustralia, USA, Canada
What’s New?
Concentration on the “Main Thing”
The main thing isThe main thing
Emphasis on Product ClassificationWhat to PriceHow many to priceWhere to priceData Analysis, Quality controlExpenditure weights
Guiding Principles
TransparencyOpen DialogueDocument Decisions
TimelinessEarly Warning CapabilitiesAbide by time tables
SimplicityMinimize Bureaucratic requirementsEnsure Transparency and Timeliness
Guiding Principles
DefensibleStatistical Practices Clear and Explainable
SustainableIntegrate ICP & National Statistics Programs
AvailabilityBetween countries within regionsBetween countries and regional coordinator
Requirements
Time: only 390 days before price collection begins April 1, 2004
People: Experience with prices and national accounts
Money: Equipment, data collection, travel, training
Thanks for Listening
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