Estimation of Russian Constant-Price Input-Output Accounts According to NACE/CPA

Abstract

Annual input-output (IO) accounts of the Russian economy for the period of 1995–2003 were constructed based on classifications used in Soviet times. The transition of Russian statistics to the use of classifications that are harmonized with the statistical Classification of Economic Activities (NACE) and the statistical Classification of Products by Activity (CPA) caused a break in the construction of IO accounts. It is expected that the first Russian IO accounts for 2011 that are harmonized with NACE/CPA will not appear before 2015. The construction of time series of such IO accounts will require several more years. However, the recent publication of detailed industrial production account data for 70 activities during 2003–2009 allows us to make an experimental estimation of IO accounts harmonized with NACE/CPA classifications on the base of earlier published IO accounts. This paper considers the methods of recalculating the supply table and use table at purchasers’ prices into NACE/CPA and methodology of building harmonized IO accounts at current and constant prices.