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

International Workshop on Economic Census

26 – 29 July 2005

Beijing, China

Frederick W.H. Ho

Commissioner for Census & Statistics

Hong Kong, China


Contents

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

  • Components of an IESP

  • Features of an IESP

  • Achieving an IESP


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


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


Purposes/Uses of an Integrated Economic Statistics Program

  • Determining sectoral development

    • Developing strategies for developments in specific economic sectors

    • Sectoral productivity studies


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


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)


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


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


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


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


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


Components of an IESP

  • Closely associated programs

    • Labour Statistics Program

    • Population and Demographic Statistics Program


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


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)


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


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


Achieving an IESP

  • Well co-ordinated statistical institutions

  • Good communication with potential users and raw data suppliers


Achieving an IESP

  • Close communication with International Orgainzations

    • Understanding and adopting current standards

    • Contributing to the establishment and evolution of standards


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


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


Thank You


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