towards an integrated economic statistics program : the experience of hong kong, china
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Towards an Integrated Economic Statistics Program : The Experience of Hong Kong, China. International Workshop on Economic Census 26 – 29 July 2005 Beijing, China. Frederick W.H. Ho Commissioner for Census & Statistics Hong Kong, China. Contents. - PowerPoint PPT PresentationTRANSCRIPT
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Towards an Integrated Economic Statistics Program :
The Experience of Hong Kong, China
International Workshop on Economic Census26 – 29 July 2005
Beijing, China
Frederick W.H. HoCommissioner for Census & Statistics
Hong Kong, China
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1. Purposes/uses of an Integrated Economic Statistics Program (IESP)
2. Components of an IESP
3. Features of an IESP
4. Achieving an IESP
Contents
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(a) Economic analysis Enabling macro-economic and
micro-economic analysis Performance of the overall econ
omy, the external sector, the domestic sector, the financial sector, the labour sector and prices
Purposes/Uses of an Integrated Economic Statistics Program
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(b)Macro-level policy formulation and decision Identifying and consolidating key
industries Developing strategic
arrangements with partner economies
Assisting new industries
Purposes/Uses of an Integrated Economic Statistics Program
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(c) Determining sectoral development Developing strategies for develo
pments in specific economic sectors
Sectoral productivity studies
Purposes/Uses of an Integrated Economic Statistics Program
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(d)Business studies Profitable lines of business Appropriate mix of products Optimun level of operation Benechmaking Firm level productivity studies Marketing strategies Investment decisions
Purposes/Uses of an Integrated Economic Statistics Program
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(e) For the Statistical Authority:an aid to data quality control Achieving consistency of
statistics from different statistical systems/programs
Identifying data problems where inconsistencies exist (or appear to exist)
Purposes/Uses of an Integrated Economic Statistics Program
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(f) For the Statistical Authority: facilitating coherence of statistical development Users’ needs better met overall More efficient use of statistical
resources
Purposes/Uses of an Integrated Economic Statistics Program
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(a) Trade Statistics System
Based on trade declarations and cargo manifests submitted to Customs Authority
Value, volume, prices
Origin and destination of goods
Components of an IESP
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(b) National accounts/BoP/Monetary statistics system
Banking and monetary statistics derived from administrative records
GDP/GNP/BoP statistical systems based on data from different economic surveys/statistical systems and other sources
Components of an IESP
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(c) Economic census/survey program
Annual economic censuses/surveys
Sub-annual economic surveys
Co-ordinated approach in the development of annual and sub-annual economic surveys
Components of an IESP
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(d) Prices Consumer price indices from monthly Price
Survey
Producer price indices from Quarterly Survey of Industrial Production and Quarterly Survey of Services Industries
Import/export unit value indices and terms of trade from Trade Statistics System
GDP deflator from national accounts statistical system
Components of an IESP
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(e) Closely associated programs
Labour Statistics Program
Population and Demographic Statistics Program
Components of an IESP
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(a) Basic design Component systems operated in
accordance with recommendations of International Organizations
(b)Definitions Harmonization of definitions
where standardization cannot be achieved
Features of an IESP
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(c) Classifications
Common classification used as far as possible (e.g. Hong Kong Standard Industrial Classification)
Statistics compiled based on alternative classifications to meet specific user needs (e.g. the electronics industry)
Features of an IESP
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(d)Data Sources
Administrative records
Economic censuses/surveys
(e) Geographical demarcations
Enabling the building block approach where different demarcations are desired by different user groups
Features of an IESP
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(f) Interlocking nature of component systems
Each system produces output data which may be used by both final data users and some other systems as input data
Features of an IESP
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(a) Well co-ordinated statistical institutions
(b)Good communication with potential users and raw data suppliers
Achieving an IESP
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(c) Close communication with International Orgainzations
Understanding and adopting current standards
Contributing to the establishment and evolution of standards
Achieving an IESP
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(d)Dual approach
Bottom-up approach : reconciling existing systems
Top-down approach : conceiving an ideal overall program and bringing down to earth a realistic blue-print which features a balanced program
Achieving an IESP
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(e) Priorities consideration
Constraints in financial resources and technical resources
Survey respondents’ burden
Don’t be over-ambitious : should consider the capacity of component systems carefully
Achieving an IESP
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Thank You