Estimating more timely input-output accounts : a synthetic approach / by Yusuf Siddiqi and Mehrzad Salem.: CS15-602/57E-PDF

"Input-output updating methods typically use algorithmic techniques to adjust a set of coefficients to conform to current data. This paper describes an alternative approach used in the Canadian input-output accounts which seeks to enhance the timeliness of the tables by combining traditional updating and balancing techniques with the most recent data sources. It presents synthetic input-output estimates for two years and compares them with benchmark estimates. The results show that when all of the required data are anchored on a previous benchmark year, most input-output components can be estimated with relatively small estimation error. Results based on data which are two years away from input-output benchmarks are obtained at the cost of substantially larger errors but provide information useful for improving the quality of more current National Accounts estimates. Synthetic estimates of the input-output accounts improve the timeliness problem by at least a full year"--Abstract.

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