[http://wiiw.ac.at] Dear Colleague, We cordially invite you to the next wiiw seminar on MONDAY, 09 OCOBER 2017, 5 PM wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from ground floor) INDICES OF REGIONAL ECONOMIC ACTIVITY FOR RUSSIA SERGEY V. SMIRNOV Higher School of Economics, ‘Development Center’ Institute, Moscow Abstract Radical disagreement between ‘month-on-month’ and ‘year-on-year’ monthly statistics is identified in regional statistics published by the Russian Federal State Statistics Service (Rosstat). In view of this, an original method is proposed for estimating the level of Regional Economic Activity (REA), based on monthly official regional statistics in five key sectors of the Russian economy: industry, construction, retail trade, wholesale trade, and paid services for the population. This method transforms current ‘year-on-year’ growth rates into specially constructed dichotomous variables which eliminate the excessive volatility and inaccuracy of the initial time series. On this basis, REA indices are estimated for all Russian constituent entities. Composite REA indices for all five economic sectors, eight federal districts, and Russia as a whole are then calculated. Methods for visualising multidimensional regional data are also proposed. They allow us to track the regional peculiarities of the Russian economy and to discern the current phase of the business cycle more accurately and without any additional lag. WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/indices-of-regional-economic-activity-for-russia-er-356.h...] FOR THE EVENT. PARTICIPATION IS FREE OF CHARGE. (Papers and presentation slides, as far as available, are posted on our homepage https://wiiw.ac.at/events.html [http://wiiw.ac.at/events.html] after the respective seminars.) Best regards, Dr. Robert Stehrer _Scientific Director wiiw_ Dr. Sándor Richter _Organiser_ Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) The Vienna Institute for International Economic Studies Rahlgasse 3, A-1060 Wien https://www.wiiw.ac.at/ [http://www.wiiw.ac.at/] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you do not want to receive further mailings please send an e-mail to boenisch@wiiw.ac.at Falls Sie keine weiteren Zusendungen des wiiw wünschen senden Sie bitte ein E-Mail an boenisch@wiiw.ac.at
