The Bean Review of Economic Statistics: Making it Happen

 
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Monday 16 May 2016, 11:00am - 05:00pm

 
Location Royal Statistical Society, 12 Errol Street, London, EC1Y 8LX

Following the publication of the final recommendations of the Independent Review of Economic Statistics by Professor Sir Charles Bean, the Royal Statistical Society (RSS), the Royal Economic Society (RES) and the Institute for Fiscal Studies (IFS) invite you to a one day conference to discuss what should be done next to implement the recommendations to develop innovative new ways of measuring the economy.

The day will focus on four topics which the review identified as critical areas for further work, and will consider how the wider professional community of economists and statisticians can help develop workable solutions for the Office for National Statistics to implement the review recommendations.

The four topics which will be discussed are

  • Improving the measurement of regional economies, including for the devolved administrations;
  • The need to use more up to date and relevant data sources and statistical techniques to analyse complex economic events;
  • How to measure new developments in today's economy, including the digital economy, innovation and the sharing economy;
  • How to measure and integrate non-traditional economic activity, such as household activity or wider wellbeing measures which go beyond the traditional concept of GDP

The conference is free to attend, but places are limited.

The maximum capacity for this event has now been reached and so registration is now closed.

Download programme from here (PDF)

Programme

11:00 Welcome and introductions

Chair Roeland Beerten - Royal Statistical Society

Speakers

  • Professor Sir Charles Bean - London School of Economics and Political Science
  • John Pullinger CB - National Statistician

11:30; Measuring the regions: how to improve regional statistics?

Chair Dr Martin Weale - Bank of England

Speakers

  • Andrew Carter - Centre for Cities
  • Professor Alan Harding - New Economy Manchester 

What needs to happen in order to improve information on the regional economy?  This session will examine measurement issues in relation to the UK regions but will also take into account the devolution agenda, and questions around what information is needed to measure and stimulate local growth.

12:20 Lunch

13:10 Innovation in new data sources and techniques

Chair Professor John Aston - University of Cambridge

Speakers

  • Professor Lucrezia Reichlin - London Business School
  • Professor Mary O'Mahony – King’s College London

The production of official economic statistics has relied on traditional data sources and techniques which have proved robust over a number of years.  However in an increasingly rich data world the old ways of working are being questioned.  How can the economy be measured better with new types of data sources and new statistical techniques?

14:00 How to measure the digital economy?

Chair Professor Andrew Chesher – President of the Royal Economic Society, University College London and Centre for Microdata Methods and Practice (cemmap)

Speakers:

  • Hasan Bakhshi - Nesta
  • Professor Jonathan Haskel - Imperial College Business School

Increasingly new businesses generate value from digital activities, which are difficult to capture in the traditional measurement frameworks.  How should we account for new forms of economic activity and production? And how can we build and measure new frameworks which are more agile to capture future developments?

14:50 Coffee break

15:10 GDP and beyond

Chair  Jil Matheson – Former National Statistician

Speakers 

  • Professor Diane Coyle - University of Manchester 
  • Dr Jooyeoun Suh - Centre for Time Use Research, University of Oxford

The traditional concept of GDP has been increasingly challenged in recent years, with demands to create a comprehensive measure of national performance.  How do we go about capturing the broader wellbeing of a nation? How do we account for things like unpaid work or household production?

16:00 General Q&A session

Chair  Paul Johnson - Director, Institute for Fiscal Studies

Panel

  • Professor Sir Charles Bean - London School of Economics and Political Science
  • Jonathan Athow – Director-General for Economic Statistics, Office for National Statistics
  • Professor Andrew Chesher – President of the Royal Economic Society, University College London and Centre for Microdata Methods and Practice (cemmap)
  • Mike Hughes – Chair, National Statistics Advisory Group, Royal Statistical Society

17:00 Close and drinks 

Lunch and refreshments kindly offered by the Office for National Statistics

Contact Registration is now closed

Attendance is free (including lunch and refreshments) but registration is required.

Organiser Name Roeland Beerten

Email Address This email address is being protected from spambots. You need JavaScript enabled to view it.

Organising Group(s) Royal Statistical Society, Royal Economic Society and the Institute for Fiscal Studies

 

 

 

 

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