Chain linking is a statistical method, defined by the
Organisation for Economic Co-operation and Development
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries ...
as:
Chain linking is popularly used with
gross domestic product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...
/
gross national income
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign ...
data, to measure changes over time, giving a
chained volume series A chained volume series is a series of economic data (such as GDP, GNP or similar kinds of data) from successive years, put in real (or constant, i.e. inflation- and deflation-adjusted) terms by computing the production volume for each year in the p ...
.
[United States, Bureau of Economic Analysis]
''Concepts and methods of the United States National Income and Production Accounts''
July 2008. Chapter 4, pages 11 - 23 contains much information on the chain linking method, including mathematical principles.
References
Index numbers
Time series
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