Do Countries falsify Economic Data Strategically? Some Evidence That They Do
We find evidence supporting the hypothesis that countries at times misreport their economic data in a strategic manner. Among those suspected are countries with fixed exchange rate regimes, high negative net foreign asset positions or negative current account balances, which corroborates the intuition developed with a simple economic model. We also find that countries with bad institutional quality rankings and those in Africa, Middle East, Eastern Europe and Latin America release economic data of questionable veracity. Our evidence calls for models with public signals to consider strategic misinformation and for establishing independent statistical agencies to assure the delivery of high quality economic data.
|Date of creation:||Sep 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +45 6550 2233
Fax: +45 6550 1090
Web page: http://degit.sam.sdu.dk/Email:
More information through EDIRC
References listed on IDEAS
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.:
- Heinemann, Frank & Illing, Gerhard, 2002.
"Speculative attacks: Unique equilibrium and transparency,"
Munich Reprints in Economics
19430, University of Munich, Department of Economics.
- Heinemann, Frank & Illing, Gerhard, 2002. "Speculative attacks: unique equilibrium and transparency," Journal of International Economics, Elsevier, vol. 58(2), pages 429-450, December.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973.
- Nye John & Moul Charles, 2007. "The Political Economy of Numbers: On the Application of Benford's Law to International Macroeconomic Statistics," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-14, July.
- George-Marios Angeletos & Christian Hellwig & Alessandro Pavan, 2003.
"Coordination and Policy Traps,"
NBER Working Papers
9767, National Bureau of Economic Research, Inc.
- Michalski, Tomasz & Stoltz, Gilles, 2010.
"Do countries falsify economic date strategically? Some evidence that they do,"
Les Cahiers de Recherche
930, HEC Paris.
- Tomasz Michalski & Gilles Stoltz, 2010. "Do Countries falsify Economic Data Strategically? Some Evidence That They Do," DEGIT Conference Papers c015_018, DEGIT, Dynamics, Economic Growth, and International Trade.
- Sandleris, Guido, 2008.
"Sovereign defaults: Information, investment and credit,"
Journal of International Economics,
Elsevier, vol. 76(2), pages 267-275, December.
- Guido Sandleris, 2008. "Sovereign Defaults: Information, Investment and Credit," Business School Working Papers 2008-04, Universidad Torcuato Di Tella.
- Guido M. Sandleris, 2005. "Sovereign Defaults: Information, Investment and Credit," 2005 Meeting Papers 21, Society for Economic Dynamics.
- Sbracia, M. & Zaghini, A., 2000.
"Expectations and Information in Second Generation Currency Crises Models,"
391, Banca Italia - Servizio di Studi.
- Sbracia, Massimo & Zaghini, Andrea, 2001. "Expectations and information in second generation currency crises models," Economic Modelling, Elsevier, vol. 18(2), pages 203-222, April.
- Massimo Sbracia & Andrea Zaghini, 2000. "Expectations and Information in Second Generation Currency Crises Models," Econometric Society World Congress 2000 Contributed Papers 0462, Econometric Society.
- Massimo Sbracia & Andrea Zaghini, 2000. "Expectations and information in second generation currency crises models," Temi di discussione (Economic working papers) 391, Bank of Italy, Economic Research and International Relations Area.
- George-Marios Angeletos & Alessandro Pavan, 2007. "Efficient Use of Information and Social Value of Information," Econometrica, Econometric Society, vol. 75(4), pages 1103-1142, 07.
- Robert J. Aumann, 1995. "Repeated Games with Incomplete Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011476, August.
When requesting a correction, please mention this item's handle: RePEc:deg:conpap:c015_018. 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: (Jan Pedersen)
If references are entirely missing, you can add them using this form.