Open Access Journal Article

Volume Accounts of FISIM: a Comparative Study between Stocks Deflation Method and Output Index Method

by Xiaoai Jia a ,  Panpan Wang b ,  Ziying Hao c,*  and  Zhiyong Zheng d
a
School of Statistics, Shandong Technology and Business University, Yantai, China
b
School of Statistics, Shandong Technology and Business University, Yantai, China
c
School of Economics, Shandong Technology and Business University, Yantai, China
d
Institute of Aftificial Intelligence, De Montfort University, Leicester, UK
*
Author to whom correspondence should be addressed.
JES  2023, 3; 1(1), 3; https://doi.org/10.58567/jes01010003
Received: 30 December 2022 / Accepted: 18 January 2023 / Published Online: 16 February 2023
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Abstract

Because of the complexity of indirect financial intermediary services (FISIM) accounting, the traditional price index deflation method can no longer meet its accounting needs. The manual of price and volume measurement suggests that the stock deflation method and output index method should be used to calculate the volume of FISIM. Comparing the two accounting frameworks, it can be found that the key to the implementation of the stock deflation method is to set a scientific and reasonable deflation index from two aspects of service price and the service quantity, while the key of the output index method is the selection of the output index and the determination of weight. This paper compares the application cases of stock deflation method and output index method in practice, summarizes the similarities, differences, advantages and disadvantages of each case in index construction, index selection and weight determination, and further provides a reference for China FISIM volume accounting.

Keywords: FISIM; Volume accounts; Stock deflation method; Output index method;
Copyright: © 2023 by Jia, Wang, Hao and Zheng. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Jia, X.; Wang, P.; Hao, Z.; Zheng, Z. Volume Accounts of FISIM: a Comparative Study between Stocks Deflation Method and Output Index Method. Journal of Economic Statistics, 2023, 1, 3. https://doi.org/10.58567/jes01010003
AMA Style
Jia X, Wang P, Hao Z, Zheng Z. Volume Accounts of FISIM: a Comparative Study between Stocks Deflation Method and Output Index Method. Journal of Economic Statistics; 2023, 1(1):3. https://doi.org/10.58567/jes01010003
Chicago/Turabian Style
Jia, Xiaoai; Wang, Panpan; Hao, Ziying; Zheng, Zhiyong 2023. "Volume Accounts of FISIM: a Comparative Study between Stocks Deflation Method and Output Index Method" Journal of Economic Statistics 1, no.1:3. https://doi.org/10.58567/jes01010003
APA style
Jia, X., Wang, P., Hao, Z., & Zheng, Z. (2023). Volume Accounts of FISIM: a Comparative Study between Stocks Deflation Method and Output Index Method. Journal of Economic Statistics, 1(1), 3. https://doi.org/10.58567/jes01010003

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References

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