The 6 th Regional Coordinators Meeting April 23 - 25, 2012 Paris - PowerPoint PPT Presentation

The 6 th Regional Coordinators Meeting April 23 - 25, 2012 Paris

Opening Remarks Welcome by OECD 2

Meeting Sessions I. Meeting Objectives and Global Status Report Regional Status Reports II. III. Metadata and Quality Questionnaires IV. Outstanding Items for Special Surveys Regional Price Data Review V. VI. Global Validation of Price Data, Expenditures, and Importance VII. Upcoming Activities and Next Steps VIII. Recap of Meeting Decisions 3

I. Meeting Objectives and Global Status Report  Overall Objective  Specific Objectives  Governance decisions from EB meetings  Report to the Executive Board  Status of Main Survey (HHC Data) Submission  Status of National Account Data Submission  Global Validation  Potential Risks  Global Office Activities – Q1, 2012  Upcoming Governance Meeting & Reporting 4

Overall Objective Complete the current ICP round timely and successfully, Reference at both regional and global level objective Meet the Executive Board demands related to the soundness of the proposed computation and linking Short-term methods, as well as the reliability and quality of input objective data and ensuing results 5

Specific Objectives A. Ensure that all required data and metadata inputs for global linking are being generated by the regions and the Global Office, in a timely fashion, in accordance with the prescribed quality requirements:  ICP Coverage: country coverage; regional participation; survey coverage.  Prices: completeness; frequency; time and space consistency; comparability; level of disaggregation; etc.  National Accounts: SNA compliance; exhaustiveness; consistency; metadata reporting; etc  Importance indicators: relevance; consistency; reliability; completeness. B. Confirm if the linking method can be implemented as recommended in terms of all the countries pricing Global Core items for all possible basic headings. C. Reaffirm our collective adherence to the agreed data and metadata submission schedule as well as subsequent activities. 6

Specific Objectives D. For dual participation, ensure the consistency of methods used for:  HHC Average Price Data Compiling  HHC Data Validation  Special Survey Average Price Data Compiling  Special Survey Data Validation  Consistency of National Accounts Aggregates and Expenditures used in the two regional programs 7

Governance decisions from EB meetings Technical Aspects Technical Aspects Countries to explain their GDP splitting Countries to explain their GDP splitting TAG and GO to carefully examine issues related to TAG and GO to carefully examine issues related to procedures and provide the sources of the data procedures and provide the sources of the data the concept of importance and the extra-pricing of the concept of importance and the extra-pricing of along with any underlying assumptions applied, along with any underlying assumptions applied, GCL items by a particular country. GCL items by a particular country. extrapolation and calculation methods. extrapolation and calculation methods. TAG to carry out a sequence of tests on the GO and TAG to test thoroughly the computation TAG to carry out a sequence of tests on the GO and TAG to test thoroughly the computation translation of importance into quantitative weights. processes. translation of importance into quantitative weights. processes . Status and Risk Assessment Status and Risk Assessment RCs to improve punctuality in data submission so GO to update the Board on any potential risk RCs to improve punctuality in data submission so GO to update the Board on any potential risk that the 2011 round can proceed according to the situations, and stabilize the number of participating that the 2011 round can proceed according to the situations, and stabilize the number of participating planned timeline, without sacrificing data quality. economies. planned timeline, without sacrificing data quality. economies. Outreach Activities and Data Access GO to prepare a 1-2 page foreword providing a Board to explore outreach activities related to PPP layman definition of PPP and a brief review of the results usage in its next meeting in order to major uses of ICP statistics. prepare a comprehensive communication strategy. Board tentatively approved revised 2011 Data OECD and CIS-STAT to communicate with their Access Policy, except on the access to regional countries on the potential access to regional non- non-Core average prices, which will be further Core average price data. discussed. 8

Report to the Executive Board on: The impact of countries in a region pricing more or less Global core items than most of the other countries in that region  Availability of required data and metadata The feasibility of  Timeliness of submission the linking  Testing approach  Analysis of plausibility of results  Reliability and completeness of importance indicators The quantification  Testing of importance  Recommendations of formula and resulting weights to be indicators used Regional results Linking Global results Risk assessment √ Feasibility √ √ √ Quality √ √ Timeliness √ Access 9

Status of Main Survey (HHC data) Submission Participation Q1 Q2 Q3 Q4 Survey Data Survey Data Survey Data Survey Data Conducted Submitted Conducted Submitted Conducted Submitted Submitted Conducted 50 48 43 48 22 48 9 47 46 Africa Asia - 23 23 23 23 23 23 N/A 22 22 Pacific 10 10 N/A 10 N/A 10 N/A 10 N/A CIS 17 18 16 N/A 18 18 N/A 18 17 LAC 10 10 11 9 11 2 12 8 8 WA … … … … … … … … 21 CAR … … … … … … … … 18 PAC 1 1 2 1 2 N/A 2 Sin. 1 1 110 94 112 71 94 11 154 ICP 106 94 OECD- 47 N/A 47 N/A 47 N/A 47 47 N/A ESTAT (Dual -3 -2 -1 N/A -1 N/A -3 -2 -4 Part.) Grand 154 92 158 71 140 11 150 92 197 Total 10

Status of National Accounts Data Submission MORES format Other format … 12 Asia … 48 Africa … 8 CIS … 12 LAC … 9 WA … … Caribbean … … Pacific Isl. … 1 Singleton ICP Region 30 60 Total 46 ... OECD-Eurostat 30 106 Grand Total 11

Global Validation Review of data and metadata received by the Global Office and the VEG in terms of:  Overall quality of price data (by region)  Comparability of data at regional level  Comparability of data at global level  Extent which Global Core prices represent/ reflect regional price levels  Density/sparsity of price data and its effect on computing linking factors  Quality of resulting linking factors  Time consistency with 2005 data 12

Potential Risks Timeliness of data and metadata from regions Any schedule slippage will have adverse effect on the publication of global and regional PPPs as for Global core items, Global validation depends on regional validation and vice versa. No Submission of particular type of data and metadata by a region Coverage  Low coverage of non-reference PPP basic headings  Low number of GCL items per basic heading  No GCL items under a basic heading  Single GCP price quotations Poor National Accounts metadata reporting 13

Global Office Activities - Q1, 2012 Governance  ICP Executive Board Meeting (New York, February 27) Meeting  Western Asia Regional Executive Board Meeting (New York, February Regional Meetings 27)  ICP side meeting to review the status of ICP 2011 Round in the Caribbean (New York, February 29)  Asia-Pacific Region Data Review Workshop organized by ADB Regional (Siem Reap, Cambodia, March 19-30) Workshops  5 th Western Asia ICP Regional Workshop organized by UN-ESCWA (Dead Sea, Jordan, March 12-15)  EGM on Price Statistics and National Accounts organized by UN- ECLAC for CARICOM, CARTAC and ECCB (St. Kitts, March 26-30)  GO-AfDB (Tunis, Tunisia, March 5-9) Bilateral Meetings  GO-ESCWA (Dead Sea, Jordan, March 16-17)  5 th mission of the bilateral comparison between Armenia and Mission to Georgia for ICP 2011 (Tbilisi, Georgia, February 20-23) Countries 14

Upcoming Governance Meetings & Reporting  TAG Meeting (September 17-18, 2012) Meetings  RC Meeting (September 19-21, 2012)  VEG Meeting (September 21, 2012)  ICP Executive Board Meeting (November 2012)  Interim Progress Report to the EB (July 2012) Reports  Report to the 44th session of the UNSC (November 2012) 15

II. Regional Status Reports  Status of data collection, submission, and validation for the main survey  Status of data collection submission, and validation for the special surveys  Status of submission of NA data and metadata  Comments and feedback from countries on operational aspects  Upcoming regional events 16

III. Metadata and Quality Questionnaires  ICP Survey Framework Questionnaire  NA Supplemental Quality Assurance Questionnaire  ICP Quality Assurance Checklists 17