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The nature and extent of revisions to Australian macroeconomic data

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  • Robert Brooks
  • Gabrielle Berman
  • Sinclair Davidson

Abstract

This paper explores the nature and extent of revisions to Australian macroeconomic data. Specifically, we analyse quarterly GDP and monthly balance on current account data. We find some impact of revisions. In addition, we also find that indirect measures of data quality, such as, statistical discrepancy in the case of GDP and the balancing item in the case of the balance on current account are still large after the revisions are completed.

Suggested Citation

  • Robert Brooks & Gabrielle Berman & Sinclair Davidson, 1998. "The nature and extent of revisions to Australian macroeconomic data," Applied Economics Letters, Taylor & Francis Journals, vol. 5(3), pages 169-174.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:3:p:169-174
    DOI: 10.1080/758521376
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    Cited by:

    1. Christis Tombazos, 2003. "New light on the 'impressionistic view' of the balancing item in Australia's balance of payments accounts," Applied Economics, Taylor & Francis Journals, vol. 35(12), pages 1369-1378.
    2. Kevin Lee & Nilss Olekalns & Kalvinder Shields & Zheng Wang, 2012. "Australian Real-Time Database: An Overview and an Illustration of its Use in Business Cycle Analysis," The Economic Record, The Economic Society of Australia, vol. 88(283), pages 495-516, December.
    3. Christopher Bajada, 2002. "The Effects of Inflation and the Business Cycle on Revisions of Macroeconomic Data," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 35(3), pages 276-286, September.

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