Residential property price index in Croatia: from experimental to official statistics
The official statistics framework is based on internationally agreed standards, taking into account the core principles of impartiality, objectivity, professional independence, cost effectiveness, statistical confidentiality, minimisation of the reporting burden and high output quality. Since the la...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Croatian Statistical Association
2019-05-01
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| Series: | Croatian Review of Economic, Business and Social Statistics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/crebss-2019-0004 |
| _version_ | 1827295060132102144 |
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| author | Galinec Davor Vuglar Jadranka Cvrtila Dario |
| author_facet | Galinec Davor Vuglar Jadranka Cvrtila Dario |
| author_sort | Galinec Davor |
| collection | DOAJ |
| description | The official statistics framework is based on internationally agreed standards, taking into account the core principles of impartiality, objectivity, professional independence, cost effectiveness, statistical confidentiality, minimisation of the reporting burden and high output quality. Since the latest 2007 global economic crisis, a growing demand for more, better and timelier data under limited resources for compilers and reporting agents has been observed. The concept of experimental statistics becomes more relevant, despite the lower quality in terms of coverage, data sources and harmonised definitions. The main aim of this paper is to present the methodological development of the residential property price index in Croatia from experimental to official statistics, as well as to show corresponding changes in time, which occurred due to the changes in methodological framework, institutional responsibility for compilation, coverage and data sources. A general conclusion of the paper is that publication of non-harmonized experimental statistics results, together with explanatory metadata, is better from the point of view of users than having nothing produced by official statistics. |
| first_indexed | 2024-03-08T07:34:36Z |
| format | Article |
| id | doaj.art-d60e59c75eed43eaaf2f3cd1b30ba831 |
| institution | Directory Open Access Journal |
| issn | 2459-5616 |
| language | English |
| last_indexed | 2024-04-24T14:13:28Z |
| publishDate | 2019-05-01 |
| publisher | Croatian Statistical Association |
| record_format | Article |
| series | Croatian Review of Economic, Business and Social Statistics |
| spelling | doaj.art-d60e59c75eed43eaaf2f3cd1b30ba8312024-04-03T08:59:39ZengCroatian Statistical AssociationCroatian Review of Economic, Business and Social Statistics2459-56162019-05-0151334210.2478/crebss-2019-0004Residential property price index in Croatia: from experimental to official statisticsGalinec Davor0Vuglar Jadranka1Cvrtila Dario2Croatian National Bank, Zagreb, CroatiaCroatian National Bank, Zagreb, CroatiaDag Hammarskjöld University College of International Relations and Diplomacy, Zagreb, CroatiaThe official statistics framework is based on internationally agreed standards, taking into account the core principles of impartiality, objectivity, professional independence, cost effectiveness, statistical confidentiality, minimisation of the reporting burden and high output quality. Since the latest 2007 global economic crisis, a growing demand for more, better and timelier data under limited resources for compilers and reporting agents has been observed. The concept of experimental statistics becomes more relevant, despite the lower quality in terms of coverage, data sources and harmonised definitions. The main aim of this paper is to present the methodological development of the residential property price index in Croatia from experimental to official statistics, as well as to show corresponding changes in time, which occurred due to the changes in methodological framework, institutional responsibility for compilation, coverage and data sources. A general conclusion of the paper is that publication of non-harmonized experimental statistics results, together with explanatory metadata, is better from the point of view of users than having nothing produced by official statistics.https://doi.org/10.2478/crebss-2019-0004experimental statisticshedonic regressionsresidential property price indexresidential real estatec43e31r31 |
| spellingShingle | Galinec Davor Vuglar Jadranka Cvrtila Dario Residential property price index in Croatia: from experimental to official statistics Croatian Review of Economic, Business and Social Statistics experimental statistics hedonic regressions residential property price index residential real estate c43 e31 r31 |
| title | Residential property price index in Croatia: from experimental to official statistics |
| title_full | Residential property price index in Croatia: from experimental to official statistics |
| title_fullStr | Residential property price index in Croatia: from experimental to official statistics |
| title_full_unstemmed | Residential property price index in Croatia: from experimental to official statistics |
| title_short | Residential property price index in Croatia: from experimental to official statistics |
| title_sort | residential property price index in croatia from experimental to official statistics |
| topic | experimental statistics hedonic regressions residential property price index residential real estate c43 e31 r31 |
| url | https://doi.org/10.2478/crebss-2019-0004 |
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