Transcript Towards an Integrated Economic Statistics Program:The experience

Towards an Integrated Economic
Statistics Program :
The Experience of Hong Kong, China
Frederick W.H. Ho
Commissioner for Census & Statistics
Hong Kong, China
International Workshop on Economic Census
26 – 29 July 2005
Beijing, China
1
Contents
1. Purposes/uses of an Integrated
Economic Statistics Program (IESP)
2. Components of an IESP
3. Features of an IESP
4. Achieving an IESP
2
Purposes/Uses of an Integrated
Economic Statistics Program
(a) Economic analysis
 Enabling macro-economic and
micro-economic analysis
 Performance of the overall
economy, the external sector, the
domestic sector, the financial
sector, the labour sector and
prices
3
Purposes/Uses of an Integrated
Economic Statistics Program
(b) Macro-level policy formulation and
decision
 Identifying and consolidating key
industries
 Developing strategic
arrangements with partner
economies
 Assisting new industries
4
Purposes/Uses of an Integrated
Economic Statistics Program
(c) Determining sectoral development
 Developing strategies for
developments in specific
economic sectors
 Sectoral productivity studies
5
Purposes/Uses of an Integrated
Economic Statistics Program
(d) Business studies







Profitable lines of business
Appropriate mix of products
Optimun level of operation
Benechmaking
Firm level productivity studies
Marketing strategies
Investment decisions
6
Purposes/Uses of an Integrated
Economic Statistics Program
(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)
7
Purposes/Uses of an Integrated
Economic Statistics Program
(f) For the Statistical Authority:
facilitating coherence of statistical
development
 Users’ needs better met overall
 More efficient use of statistical
resources
8
Components of an IESP
(a) Trade Statistics System
 Based on trade declarations and
cargo manifests submitted to
Customs Authority
 Value, volume, prices
 Origin and destination of goods
9
Components of an IESP
(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
10
Components of an IESP
(c) Economic census/survey program
 Annual economic censuses/surveys
 Sub-annual economic surveys
 Co-ordinated approach in the
development of annual and subannual economic surveys
11
Components of an IESP
(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
12
Components of an IESP
(e) Closely associated programs
 Labour Statistics Program
 Population and Demographic
Statistics Program
13
Features of an IESP
(a) Basic design
 Component systems operated in
accordance with
recommendations of International
Organizations
(b) Definitions
 Harmonization of definitions
where standardization cannot be
achieved
14
Features of an IESP
(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)
15
Features of an IESP
(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
16
Features of an IESP
(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
17
Achieving an IESP
(a) Well co-ordinated statistical
institutions
(b) Good communication with potential
users and raw data suppliers
18
Achieving an IESP
(c) Close communication with
International Orgainzations
 Understanding and adopting
current standards
 Contributing to the establishment
and evolution of standards
19
Achieving an IESP
(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
20
Achieving an IESP
(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
21
Thank You
22