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The Reliability of Quarterly National Accounts in Seven Major Countries: A User's Perspective

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Author Info
Robert York
Paul Atkinson
Abstract

National accounts data provide the most comprehensive overview available of developments in national economies. They are of great interest to a wide range of users of economic information. These users, which include governments formulating budgetary policies, central banks making monetary policy decisions, businesses considering investment decisions and financial institutions making judgements concerning portfolio allocation, have needs which may differ in various respects. However, since their interest generally stems from the likelihood that they will make better decisions if they are well informed about economic developments, they all have a strong interest in the accuracy of national accounts statistics. This paper examines the reliability of preliminary quarterly national accounts statistics. In particular, it considers the longer-term behaviour of the provisional estimates to GDP growth and its main expenditure components through an examination of the revisions to those ...


Les données des comptes nationaux fournissent le résumé statistique disponible le plus complet sur les évolutions des économies nationales. Elles sont d’un grand intérêt pour une large gamme d’utilisateurs d’informations économiques. Ces utilisateurs, qu’ils soient des gouvernements formulant des politiques budgétaires, des banques centrales décidant des politiques monétaires, des entreprises étudiant les choix d’investissement ou des institutions financières prenant des décisions relatives à des choix de portefeuille, ont des besoins qui peuvent différer de diverses manières. Néanmoins, puisque leur intérêt provient généralement de la probabilité qu’ils pourront prendre de meilleures décisions s’ils sont bien informés au sujet des développements économiques, ils s’intéressent tous à l’exactitude des statistiques des comptes nationaux. Ce document examine la fiabilité des statistiques préliminaires des comptes nationaux trimestriels. En particulier, il étudie le comportement à ...

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Paper provided by OECD, Economics Department in its series OECD Economics Department Working Papers with number 171.

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Date of creation: 1997
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Handle: RePEc:oec:ecoaaa:171-en

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  1. Massimo Florio, 2001. "On Cross-country Comparability of Government Statistics: public expenditure trends in OECD National Accounts," International Review of Applied Economics, Taylor and Francis Journals, vol. 15(2), pages 181-198, April. [Downloadable!] (restricted)
  2. Olivier Roodenburg, 2004. "On the predictability of GDP data revisions in the Netherlands," DNB Working Papers 004, Netherlands Central Bank, Research Department. [Downloadable!]
  3. Chris Bajada, 2001. "The Effects of Inflation and the Business Cycle on Revisions of Macroeconomic Data," Working Paper Series 110, School of Finance and Economics, University of Technology, Sydney. [Downloadable!]
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