Estimating Quarterly Gross Fixed Capital Formation

Arby, Muhammad Farooq and Batool, Irem (2007): Estimating Quarterly Gross Fixed Capital Formation. Published in: SBP Working Paper Series No. No. 17 (2007)

Abstract

In Pakistan, only annual estimates of national accounts are available officially. Although quarterly real gross domestic product has been estimated by some studies like Kemal & Arby (2004) and Bengaliwala (1995), no attempt has been made so far to estimate quarterly gross fixed capital formation – a key macroeconomic variable. This study presents a methodology to quarterise gross fixed investment in Pakistan and estimates a quarterly series for the period 1971Q3 to 2006Q2. Using the commodity flow approach, total gross fixed investment has been disaggregated into four components, i.e. machinery and equipment, furniture and fixture, structure and land improvement for annual data of selected years and then each component is quarterised on the basis of related indicators for which quarterly data is available officially.

• Item Type: MPRA Paper
• Institution: State Bank of Pakistan
• Language: English
• Keywords: gross fixed capital formation; investment; Pakistan
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access

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