Title:

Possible Extension of Regional Statistics – Households' Wealth – Methods and Preliminary Results

Group publication title:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Creator:

Musil, Petr ; Kramulová, Jana ; Zeman, Jan ; Vrabec, Vaclav

Subject and Keywords:

regions ; national accounts ; households ; wealth

Description:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers, s. 319-330

Abstrakt:

Economic situation of households can be assessed from many perspectives, such as income, consumption or wealth. Indicators describing income, consumption and wealth are so far available for countries only, although step by step more and more attention is paid also to the regional level. Yet official regional statistics is usually limited to several main indicators due to demanding character of indicators’ estimation. We have done academic research and extended the range of available indicators, e.g. regional consumption expenditures in Czech regions. Our subsequent research has been focusing on regional wealth of households whose estimation is more complicated. There are very few possible data sources therefore several models have to be applied. The aim of the paper is to estimate regional wealth of households in 14 Czech NUTS 3 regions. Our results are compared to other indicators published in regional accounts. Also, the analysis of incompatibility of indicators is carried out. Regional differences in wealth may vary from differences in income or expenditure as the nature of indicators is dissimilar. On one hand, wealth expresses status on the particular date resulting from the previous accumulation as well as from households’ preferences (e.g. living in own or rented dwelling). On the other hand, income and expenditure describe transactions occurring during the given period regardless previous transactions. The results may lead to slightly different assessment of regional well-being of households

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

materiały konferencyjne

Format:

application/pdf

Resource Identifier:

doi:10.15611/amse.2017.20.26

Language:

eng

Relation:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu