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The Accuracy of International Economic Observations

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  • van Bergeijk, Peter A G

Abstract

This paper investigates measurement errors in generally accepted figures on international transactions that are supplied by national statistical offices to the IMF and the OECD. Implicit minimal measurement errors in bilateral trade data for Germany and the Netherlands appear to be about 1.5-3 percent. An investigation of foreign direct investment data for 20 OECD countries in the period 1950-89 shows that their accuracy has improved little if at all since the 1970s: in 15-25 percent of the cases, implied minimal measurement errors are in excess of 10 percent. Copyright 1995 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Bulletin of Economic Research.

Volume (Year): 47 (1995)
Issue (Month): 1 (January)
Pages: 1-20

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Handle: RePEc:bla:buecrs:v:47:y:1995:i:1:p:1-20

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378

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Cited by:
  1. Bos, Frits, 1996. "The future of the national accounts," MPRA Paper 5956, University Library of Munich, Germany.
  2. Reese, Simon & Li, Yushu, 2013. "Testing for Structural Breaks in the Presence of Data Perturbations: Impacts and Wavelet Based Improvements," Working Papers 2013:36, Lund University, Department of Economics.
  3. Bos, Frits, 2007. "Compiling the national accounts demystified," MPRA Paper 3736, University Library of Munich, Germany.
  4. Gloria A. Cubinar & Estela T. De Guzman, 2008. "Exploratory Study on Selected Philippine Agricultural Commodity Import Statistics vis-Ã -vis Export Statistics of the Exporting Countries," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture, vol. 5(2), pages 75-102, December.
  5. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
  6. M. del Mar Rubio Varas & Mauricio Folchi, 2005. "On the accuracy of Latin American trade statistics: A nonparametric test for 1925," Economics Working Papers 879, Department of Economics and Business, Universitat Pompeu Fabra.
  7. van Bergeijk, P.A.G., 2011. "One is not enough! Understanding world trade collapses," ISS Working Papers - General Series 521, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

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