Munich Personal RePEc Archive

Estimation of a system of national accounts: implementation with mathematica

Temel, Tugrul (2011): Estimation of a system of national accounts: implementation with mathematica.

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Abstract

This study implements Mathematica to estimate a system of national accounts. The estimation methods applied are portrayed in Danilov and Magnus (2008), including the Bayesian estimation, restricted and unrestricted least-squares estimation and best linear unbiased estimation. Operationalizing these methods in the Mathematica environment is the main contribution of the current study. In light of the United Nations�e¤orts aimed to standardize across countries the compilation of national accounts, the Mathematica codes developed here should provide an important tool both for the estimation of unrealized or unavailable national accounts data and for conducting cross-country and within-country macroeconomic policy analysis.

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