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Quarterly GDP Revisions in G-20 Countries

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  • Manik L. Shrestha
  • Marco Marini
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    Abstract

    This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008 financial crisis. The results indicate that larger and more downward revisions were observed during the years 2008 and 2009 than in previous years.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 13/60.

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    Length: 43
    Date of creation: 07 Mar 2013
    Date of revision:
    Handle: RePEc:imf:imfwpa:13/60

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    Related research

    Keywords: Gross domestic product; Group of Twenty; Business cycles; Data quality assessment framework; Quarterly National Accounts; Revisions Analysis.; growth rates; gdp growth; gdp growth rates; data sources; statistical analysis; data availability; statistical agency; economic growth; input-output;

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    1. Tara M. Sinclair & H.O. Stekler, 2011. "Differences in Early GDP Component Estimates Between Recession and Expansion," Working Papers, The George Washington University, Institute for International Economic Policy 2011-05, The George Washington University, Institute for International Economic Policy.
    2. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Publishing House "SINERGIA PRESS", Publishing House "SINERGIA PRESS", vol. 33(1), pages 125-132.
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