Introduction
In this article, we regard economic statistics as a branch of applied statistics which deals with the following topics: (1) collection of statistics on socioeconomic conditions, (2) compilation of surveys and registered records to produce various economic indicators, such as consumer price index or GDP, (3) evaluation of economic indicators from the viewpoint of reliability.
Economic statistics is closely related to official statistics, since most of the statistics of the society and economy are provided by official organizations like national statistical offices or intergovernmental organizations such as United Nations, OECD, and World Bank. On the other hand, economic statistics is different from econometrics in a narrow sense. Typically, objective of econometrics lies in developing the theory and its applications to various economic data. In contrast, economic statistics places more emphasis on quality of data before applying sophisticated methods to analyze them. In...
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References and Further Reading
Cochran WG (1977) Sampling techniques, 3rd edn. Wiley, New York
Groves RM et al (2004) Survey methodology. Wiley, New York
International Labour Organization (2004) Consumer price index manual: theory and practice. International Labour Office, Geneva
Lequiller F, Blades D (2006) Understanding national accounts. OECD, Paris
Lesser JT, Kalsbeek WD (1992) Nonsampling error in surveys. Wiley, New York
Särndal C-E, Swensson B, Wretman J (1992) Model assisted survey sampling. Springer, New York
Schultze CL, Mackie C (eds) (2002) At what price? Conceptualizing and measuring cost-of-living indexes. National Academy Press, Washington, DC
Yoshizoe Y et al (2007) Correcting non-sampling errors in Financial statement statistics of Japanese Ministry of Finance. Proceedings of the 56th meeting of the International Statistical Institute in Lisbon, Portugal. http://www.yoshizoe-stat.jp/english/isi2007_yoshizoe.pdf
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Yoshizoe, Y. (2011). Economic Statistics. In: Lovric, M. (eds) International Encyclopedia of Statistical Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04898-2_221
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