IDEAS home Printed from https://ideas.repec.org/a/ris/jofitr/1357.html
   My bibliography  Save this article

The reliability of quarterly national accounts in seven major countries: A user’s perspective

Author

Listed:

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 judgments 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 behavior of the provisional estimates to GDP growth and its main expenditure components through an examination of the revisions to those estimates. It covers the seven largest OECD countries and, as such, updates and extends upon previous OECD analysis on the topic. Overall, the results are broadly similar to the earlier work; that preliminary estimates for output growth have not been statistically biased, although the average size of revisions has been large but smaller than those exhibited by the demand components of GDP.

Suggested Citation

  • York, Robert & Atkinson, Paul, 2004. "The reliability of quarterly national accounts in seven major countries: A user’s perspective," Journal of Financial Transformation, Capco Institute, vol. 11, pages 23-30.
  • Handle: RePEc:ris:jofitr:1357
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    National accounts data; reliability of preliminary quarterly national accounts statistics;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1357. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Shahin Shojai). General contact details of provider: http://www.capco.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.