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Discrepancies: Why Do GDP Growth Rates Differ?

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  • Morten Jerven

    (Associate Professor in Global Change and International Relations, International Environment and Development Studies (Noragric), Norwegian University of Life Sciences, morten.jerven@nmbu.no)

Abstract

Why do GDP growth rates differ? In this paper I show how GDP levels and growth estimates travel from national statistical offices to international databases maintained by international financial institutions as well as datasets maintained by scholars. It makes the point that, strictly speaking, these databases are secondary sources, and only through meticulous backward tracking of how different data series have travelled from statistical offices to international datasets can their quality be determined. Thus far, most research has focussed on the different biases or changes resulting from different methodologies of harmonisation, such as different methods of expressing series in international currencies. This paper emphasises the role of the uneven application of benchmark revisions, clerical errors, and political negotiation in accounting for discrepancies in different sources of reported GDP growth rates.

Suggested Citation

  • Morten Jerven, 2016. "Discrepancies: Why Do GDP Growth Rates Differ?," Journal, Review of Agrarian Studies, vol. 6(1), pages 63-80, January-J.
    • Handle: RePEc:fas:journl:v:6:y:2016:i:1:p:63-80
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    Cited by:

    1. Roger, Lionel, 2019. "A replication of "The long-run impact of foreign aid in 36 African countries: Insights from multivariate time series analysis" (Oxford Bulletin of Economics and Statistics, 2014)," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 13, pages 1-53.

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