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REGIONAL LINKING

REGIONAL LINKING. ICP 2005 ROUND. Past Practice: Bridge Countries. Disadvantage: Reliance on single links. Ring Region. Principles of Ring Linking. 1. Ring product list is created (because Regional lists have limited overlap); 2. Regional fixity is retained at BH level;

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REGIONAL LINKING

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  1. REGIONAL LINKING ICP 2005 ROUND

  2. Past Practice: Bridge Countries Disadvantage: Reliance on single links

  3. Ring Region

  4. Principles of Ring Linking • 1. Ring product list is created (because Regional lists have limited overlap); • 2. Regional fixity is retained at BH level; • 3. Regional BH parities are produced with CPRD; • 4. Ring Region is used for linking only [with a CPRD-style index].

  5. Ring linking: an example

  6. FIXITY • Item level • BH level • GDP level • All aggregates

  7. Fixity at the GDP level (OECD) • Version 1. Running full global BH matrix, with each OECD country as a separate entity, then the OECD total is redistributed on the basis of the regional OECD comparison. • Version 2. Creating an OECD “country” to be included in the global comparison, then the OECD “country’s” GDP is redistributed on the basis of the regional OECD comparison.

  8. Questions?

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