Measuring Economic Growth from Outer Space: A Comment
AbstractWe examine econometric and elementary economic theory issues arising from the model specification in Henderson, Storeygard and Weil (2012), that uses night light data to proxy for missing or unreliable GDP growth data. An alternative approach based on the expenditure function is outlined. It can accommodate prices as well as quantity information from other commodity markets.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 51055.
Date of creation: 29 Oct 2013
Date of revision:
GDP; Night light data; Omitted variable; Expenditure function; Spatial autocorrelation;
Other versions of this item:
- Berliant, Marcus & Weiss, Adam, 2013. "Measuring Economic Growth from Outer Space: A Comment," MPRA Paper 51713, University Library of Munich, Germany.
- Berliant, Marcus & Weiss, Adam, 2013. "Measuring Economic Growth from Outer Space: A Comment," MPRA Paper 47340, University Library of Munich, Germany.
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-09 (All new papers)
- NEP-EFF-2013-11-09 (Efficiency & Productivity)
- NEP-FDG-2013-11-09 (Financial Development & Growth)
- NEP-GEO-2013-11-09 (Economic Geography)
- NEP-URE-2013-11-09 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kapoor, Mudit & Kelejian, Harry H. & Prucha, Ingmar R., 2007. "Panel data models with spatially correlated error components," Journal of Econometrics, Elsevier, vol. 140(1), pages 97-130, September.
- Vernon Henderson & Adam Storeygard & David N. Weil, 2009.
"Measuring Economic Growth from Outer Space,"
2009-8, Brown University, Department of Economics.
- Jerison, Michael, 1984. "Aggregation and pairwise aggregation of demand when the distribution of income is fixed," Journal of Economic Theory, Elsevier, vol. 33(1), pages 1-31, June.
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