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Commodity flow analysis in quarterly balancing of GDP
Describing the commodity flow model and how its results can be used to help balance quarterly estimates of GDP at constant prices.
This article describes the commodity flow model and how its results can be used to help balance quarterly estimates of GDP at constant prices. The model breaks down data used in the expenditure and output GDP measures into 123 products. Supply and demand for each product are compared to identify inconsistencies in the data and adjustments to resolve these inconsistencies are recommended.
The article includes sections describing how the data are derived, an illustrated example of how the results of the model are used, a report on a practical application to the millennium bug issue, and future developments.
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