Economic Time Series for Irish lndustry and Services. ESRI Technical Series No 5 November 1990

Bradlet, John and Fitz Gerald, John D. and Kearney, Ida (1990) Economic Time Series for Irish lndustry and Services. ESRI Technical Series No 5 November 1990. UNSPECIFIED.

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Abstract

The purpose of this paper is to describe certain new economic time series which have been constructed in the course of updating the HERMES-IRELAND model. The updating of the model involved inter alia the disaggregation of the industrial-and services sectors. Data at this new disaggregated level is not available in Ireland from a single source. Therefore this disaggregation exercise involved the collection of a considerable amount of new data from a variety of sources. The sources and meihodology used to construct these new data are described in this paper. In the construction of the new data set, an overriding imperative was to maintain simplicity since the data set constructed has to be maintained and updated on a regular basis. The paper is organised as follows. Section 2 defines the disaggregated industrial and services sectors. Section 3 describes the data sources and methodology used in constructing the time series. Section 4 outlines the mnemonic system used to identify the different variables. Sections 5-12 then describe each set of economic variables derived in turn, each of these sections includes the computer macro used to generate the variables. The appendices 1-3 give a complete listing of all the economic series input and derived in the course of this exercise.

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