Measurement error in the national accounts
Measurement Error: Consequences, Applications and Solutions
ISBN: 978-1-84855-902-8, eISBN: 978-1-84855-903-5
Publication date: 2 November 2009
Abstract
The problem of measurement errors in the national accounts has been recognized for a long time. The error chiefly arises from various source data and the timing of the flow of data received from providers. This chapter first discusses the type of measurement errors confronted by statistical agencies. Second, it presents a model of their behavior that illustrates the trade-offs that must be made in dealing with such errors. Third, the chapter discusses how the quality of the estimates can be gauged given measurement error and the inability to conduct standard statistical tests. Although the focus is on the production of U.S. Gross Domestic Product, the principles are applicable to all national statistical agencies.
Citation
Fixler, D. (2009), "Measurement error in the national accounts", Binner, J.M., Edgerton, D.L. and Elger, T. (Ed.) Measurement Error: Consequences, Applications and Solutions (Advances in Econometrics, Vol. 24), Emerald Group Publishing Limited, Leeds, pp. 91-105. https://doi.org/10.1108/S0731-9053(2009)0000024007
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Company