An International Comparison And Reference Of Methods In Quarterly GDP Accounts

With the development of economic globalization, the economic connections between countries is closer and closer. Quarterly GDP accounting, as a short-term comprehensive evaluation system, can measure production and their products of economies effectively and comprehensive, and a comparison of international economic, competitiveness rankings, and reflecting of national living standard, which plays the association part in world economy. Since1972, European Communities columned the simplified Quarterly GDP accounting framework in the file of SEC-TRI first time, Quarterly GDP accounting has becoming an important tool for short-term economic analysis.Quarterly national accounts is the marketing value of final production of all goods and services in the period of a quarter of one country or district, which is a comprehensive quarterly time series system based on SNA accounting framework, and is consistent in terms of basic concepts, statistical standards and indicator structure with annual GDP accounting. Quarterly national accounting is an essential procedure in national accounting, which can resolve policy delay, provide general running circumstance of the short-term financial and non-financial economic activities and contribute to domestic macro-control system. The time series of Quarterly national accounting is the foundation of business cycle analysis, determination of economic inflection point, trend analysis, economic variables dynamic model analysis and forecasting, which is also an important guarantee of national statistics affairs’successfully conducting.With the importance of quarterly national accounting becoming more and more apparently, currently Quarterly GDP Accounts has received increasingly attention globally, and statistics bureau of countries are working to revise and improve their quarterly national account, in order to making it attached to economic forecasting, trend analysis and policy making closely, which can also do the researches on dynamic relationship between countries or districts by providing high-frequency sequence. Statistics department of most developed countries have released Quarterly GDP Accounting inventory, which elaborates their procedure and methods in accounting realm, data resource and publication. A lot of statistics institutes are also contributing to the researching of principles, method, accounting purpose, seasonal adjustment as well as characteristics in Quarterly GDP Accounting.International comparison in Quarterly GDP Accounting will comprise the advantages and disadvantages of a quantity of countries, which acts the link of world economics exchanges. Therefore, the study of the impact of exchange rate fluctuation on price has important theoretical and practical meaning for economists, the governments and so on.Since1992, National Bureau of Statistics of China has been working on Quarterly national accounting. Summarizing foreign accounting methods and experiences, National Bureau of Statistics of China compiled Quarterly national accounts in China-methods and data sources, which introduced the methods and practical working in China. While compared with developed countries, Quarterly national accounting in China is not as early as those countries, the length of time series is not so long as theirs, and a lot of analysis are still remaining the realm of theory, which lacks of statistical practice. Therefore, with summarizing the practical experiences and taking OECD membership as representatives, this paper will lesson theories relating to quarterly GDP accounting; based on introducing the general routine of OECD membership in accounting, analyzing the theory and experience of developed countries, and referencing the practicing of OECD countries, the article discusses those problems existed in China’s Quarterly national accounting system according to its situation, and analyzes development prospect of Quarterly national accounting in China.This thesis is divided into four parts.The first chapter is introduction. This part is mainly elaborating concepts and dating back to the history of Quarterly national accounting, summarizing the research situation about the quarterly accounting. Apart from this, coming up to questions and putting forward the content and structure of research will also be the main point.The second chapter is practicing part. Choosing some of the OECD membership, this part describes the features and experiences in their accounting system briefly, including America, Canada, Australia, Finland, Germany, and Britain.The third chapter is mainly about the theories and methods, which elaborates major theories and methods of Quarterly national accounting systematically. Accounting realm, data and resources, classification, accounts compilation modes, methods, FISIM, volume and seasonal adjustment. Based on those former describing, this chapter elaborates the mainly continents of the paper:The comparison of realm, data resources, accounting methods, classification, volume, season adjustment, benchmarking, compilation mode and season accounts.The fourth chapter is goals of quarterly national accounting in China. Summarizing the former three chapters, this part elaborates status of China’s quarterly national accounting with regard to the statistics features of this system. Combined with the problems of deficiencies of China’s accounting and enlightenments from OECD membership’s practicing work, analyzes the existing problems in China’s quarterly national accounting system detailed. Finally, comes up with improving direction of China’s quarterly national accounting, looks forward to the future of quarterly national accounting researches.