TY - JOUR
T1 - Nowcasting manufacturing value added for cross-country comparison
AU - Boudt, Kris
AU - Todorov, Valentin
AU - Upadhyaya, Shyam
PY - 2009
Y1 - 2009
N2 - Manufacturing Value Added (MVA) is the key indicator of a country's industrial production. In order to facilitate international comparisons it is published in UNIDO's International Yearbook of Industrial Statistics for a large set of countries. Because of a time-gap of at least one year between the latest year for which data are available and the year for which MVA data must be reported in the Yearbook, nowcasting methods are used to fill in the missing data up to the current year. We propose a parsimonious methodology that exploits the relationship between MVA and GDP to produce reliable nowcasts of MVA.
AB - Manufacturing Value Added (MVA) is the key indicator of a country's industrial production. In order to facilitate international comparisons it is published in UNIDO's International Yearbook of Industrial Statistics for a large set of countries. Because of a time-gap of at least one year between the latest year for which data are available and the year for which MVA data must be reported in the Yearbook, nowcasting methods are used to fill in the missing data up to the current year. We propose a parsimonious methodology that exploits the relationship between MVA and GDP to produce reliable nowcasts of MVA.
KW - Manufacturing Value Added
KW - Nowcasting
KW - Robustness
KW - UNIDO
UR - http://www.scopus.com/inward/record.url?scp=76749090143&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=76749090143&partnerID=8YFLogxK
U2 - 10.3233/SJI-2009-0694
DO - 10.3233/SJI-2009-0694
M3 - Article
AN - SCOPUS:76749090143
SN - 1874-7655
VL - 26
SP - 15
EP - 20
JO - Statistical Journal of the IAOS
JF - Statistical Journal of the IAOS
IS - 1-2
ER -
