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AN ANALYSIS OF REVISIONS OF NATIONAL ACCOUNTS DATA FOR 40 COUNTRIES |
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| Authors: | H. Glejser P. Schavey |
| Affiliation: | Vrije Universiteit Brussel and Facultés Aniversitaires de Namur |
| Abstract: | The paper analyzes annual revisions of figures for G.N.P. and 8 of its components in 40 countries. It arrives at the conclusion that first estimates are very often significantly biased downwards, especially Private Consumption, Fixed Investment, G.D.P. and G.N.P. Also successive revisions are sometimes correlated (negatively in most cases). The distribution of revisions differ as between developed and developing countries. |
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