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.

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Towards an integrated economic statistics program the experience of hong kong china

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


Towards an integrated economic statistics program the experience of hong kong china

Contents

  • Purposes/uses of an Integrated Economic Statistics Program (IESP)

  • Components of an IESP

  • Features of an IESP

  • Achieving an IESP


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • Macro-level policy formulation and decision

    • Identifying and consolidating key industries

    • Developing strategic arrangements with partner economies

    • Assisting new industries


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • Determining sectoral development

    • Developing strategies for developments in specific economic sectors

    • Sectoral productivity studies


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • Business studies

    • Profitable lines of business

    • Appropriate mix of products

    • Optimun level of operation

    • Benechmaking

    • Firm level productivity studies

    • Marketing strategies

    • Investment decisions


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • 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)


Towards an integrated economic statistics program the experience of hong kong china

Purposes/Uses of an Integrated Economic Statistics Program

  • For the Statistical Authority: facilitating coherence of statistical development

    • Users’ needs better met overall

    • More efficient use of statistical resources


Towards an integrated economic statistics program the experience of hong kong china

Components of an IESP

  • Trade Statistics System

    • Based on trade declarations and cargo manifests submitted to Customs Authority

    • Value, volume, prices

    • Origin and destination of goods


Towards an integrated economic statistics program the experience of hong kong china

Components of an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Components of an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Components of an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Components of an IESP

  • Closely associated programs

    • Labour Statistics Program

    • Population and Demographic Statistics Program


Towards an integrated economic statistics program the experience of hong kong china

Features of an IESP

  • Basic design

    • Component systems operated in accordance with recommendations of International Organizations

  • Definitions

    • Harmonization of definitions where standardization cannot be achieved


Towards an integrated economic statistics program the experience of hong kong china

Features of an IESP

  • 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)


Towards an integrated economic statistics program the experience of hong kong china

Features of an IESP

  • Data Sources

    • Administrative records

    • Economic censuses/surveys

  • Geographical demarcations

    • Enabling the building block approach where different demarcations are desired by different user groups


Towards an integrated economic statistics program the experience of hong kong china

Features of an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Achieving an IESP

  • Well co-ordinated statistical institutions

  • Good communication with potential users and raw data suppliers


Towards an integrated economic statistics program the experience of hong kong china

Achieving an IESP

  • Close communication with International Orgainzations

    • Understanding and adopting current standards

    • Contributing to the establishment and evolution of standards


Towards an integrated economic statistics program the experience of hong kong china

Achieving an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Achieving an IESP

  • 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


Towards an integrated economic statistics program the experience of hong kong china

Thank You


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