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Economic Research Papers on Government Accounts



Problem or Solution: Data on Sub-National Debt for Infrastructural Development in Nigeria Problem or Solution: Data on Sub-National Debt for Infrastructural Development in Nigeria
Kingsley Imandojemu, World Economics, June 2017
Nigeria has witnessed a substantial rise in sub-national debt at the state level in an economy characterised by infrastructural decay and macro-economic imbalance. The mismanagement of sub-national debt in Nigeria has culminated in the inability of most states to meet t ... More


Data on Indicators of Governance: Handle with Care Data on Indicators of Governance: Handle with Care
M.G.Quibria, World Economics, June 2016
This article provides a select review of data used as indicators of governance. Despite the popularity and considerable success of the existing body of governance indicators in putting the spotlight on governance inadequacies in developing countries, they are fraught ... More


Measuring Financial Inclusion using Multidimensional Data Measuring Financial Inclusion using Multidimensional Data
Mandira Sarma, World Economics, March 2016
The author notes that the lack of a financially inclusive system is a major concern not only for developing and low-income economies, but for many developed and high-income countries. At the global level, a network of financial regulators from developing and emerging ec ... More


The Digital Revolution – New Challenges for National Accounting? The Digital Revolution – New Challenges for National Accounting?
Michael Grömling, World Economics, March 2016
The digital revolution has changed many industries, but measuring these changes from a national accounting perspective causes problems. Generally, in the transition periods during the introduction of new technologies, marked setbacks in the estimation of productivity gr ... More


Has Excessive Public Debt Slowed World Growth? Has Excessive Public Debt Slowed World Growth?
Anthony J Makin, World Economics, December 2015
This paper contends that worldwide fiscal excess, as embodied in heightened public debt levels, is central to understanding why global growth has been sub-optimal since the transatlantic crisis. It notes that in the five years before the 2009-10 financial crisis averag ... More


Risk Exposures in International and Sectoral Balance Sheet Data Risk Exposures in International and Sectoral Balance Sheet Data
Philip R. Lane, World Economics, December 2015
This paper outlines the opportunities and pitfalls for risk analysts in interpreting the information embedded in international and sectoral balance sheets. It places an emphasis on the different risks posed by net financial stock imbalances and the cross-holding of lar ... More


Costing a Data Revolution Costing a Data Revolution
Gabriel Demombynes & Justin Sandefur, World Economics, September 2015
The lack of reliable development statistics for many poor countries has led the U.N. to call for a “data revolution” (United Nations, 2013). One fairly narrow but widespread interpretation of this revolution is for international aid donors to fund a coordinated wave of ... More


Measuring GDP in Europe Measuring GDP in Europe
World Economics, June 2015
In Europe the quality of national income statistics is less constrained by the capacity and resources devoted by national statistics offices to follow international best practice than is the case in many other parts of the world. In addition the members of the European ... More


Measuring The Americas GDP Measuring The Americas GDP
World Economics, March 2015
The Americas, comprising the USA and Canada, the Spanish speaking countries of South and Central America plus Brazil and the Caribbean, is a region displaying large differences in living standards. The availability of resources has an impact on the quality and reliabili ... More


Measuring the Asia-Pacific Region Measuring the Asia-Pacific Region
Brian Sturgess, World Economics, September 2014
The Asia-Pacific region covers the countries around the Pacific Rim, South East Asia, the Indian Sub-Continent and Oceania. It contains three of the world’s largest economies outside the US: China, India and Japan. The quality of economic statistics varies widely across ... More


Data Manipulation of Inflation Statistics Artificially Raises Real GDP Data Manipulation of Inflation Statistics Artificially Raises Real GDP: The Case of China
Christopher Balding, World Economics, June 2014
Baseline Chinese economic data are unreliable. Taking published National Bureau of Statistics China data, three problems appear. First, base data on housing price inflation are manipulated. Second, the NBSC misclassifies most Chinese households as private housing occupa ... More


Measuring Latin America Measuring Latin America
Brian Sturgess, World Economics, March 2014
This paper reviews the quality of official national accounting data investigated for 17 Latin American countries. Chile, which became an OECD member in 2010, stands out as a producer of the most reliable economic data and can be compared favourably with the USA and many ... More


Measuring Argentina’s GDP Growth Measuring Argentina’s GDP Growth: Myths and facts
Ariel Coremberg, World Economics, March 2014
The main purpose of this paper is to report on the results of an exhaustive reworking of Argentina’s output growth by industry realized by the ARKLEMS+LAND Argentina Productivity and Competitiveness Project. The aim was to reproduce a GDP time series since 1993 using tr ... More


Are National Accounts Revisions Harmful for Historical Comparisons? Are National Accounts Revisions Harmful for Historical Comparisons?
Dieter Brümmerhoff & Michael Grömling, World Economics, December 2012
Revisions of national accounts affect economic analysis, calling into question theoretical findings based on earlier data. Revisions to German national accounts have resulted in a markedly higher GDP in absolute terms and a lower volatility in macroeconomic production. ... More


America’s Dangerously Opaque Public Accounting Systems America’s Dangerously Opaque Public Accounting Systems
Avantika Chilkoti, World Economics, March 2012
The current global economic crisis has highlighted the problems that result from governments’ archaic and erroneous accounting practices. The Financial Report of the United States Government is scrutinised with the same pedantry that an auditor or long-term investor use ... More


Government Accounting Government Accounting: Making Enron look good
Ian Ball & Gary Pflugrath, World Economics, March 2012
As the current sovereign debt crisis engulfing Europe broadens and threatens to bring down more governments and lead the world into another, potentially very serious, economic slowdown, minimal commentary and public debate has focused on a fundamental problem, and the n ... More


Defence R&D Spending Defence R&D Spending: A critical review of the economic data
Keith Hartley, World Economics, March 2011
A nation’s defence R&D determines the international competitiveness of its defence industries and the technical superiority of its military forces. Whilst there is much secrecy, there are published data on defence R&D for many nations. Exceptions include China, Iran, Is ... More


It’s Time to Retire the US Military’s Retirement System It’s Time to Retire the US Military’s Retirement System
Chris Springer, World Economics, December 2010
The author outlines a retirement system for the most expensive government organisation in the world – the US military. The plan incorporates positive aspects of both defined benefit and defined contribution plans that cost less and are more valuable to service members t ... More


Greek Economic Statistics: A Decade of Deceit Greek Economic Statistics: A Decade of Deceit: So how come the rating agencies missed it again?
Brian Sturgess, World Economics, June 2010
This paper looks at the recent problems in official Greek economic data on public finances, whose reliability has been impaired by inappropriate accounting methods, the application of poor statistical methods and deliberate misreporting. Data on deficits and debt have b ... More


International Comparisons of GDP International Comparisons of GDP: Is there an alternative to PPPs to obtain real GDP estimates?
Elio Lancieri, World Economics, September 2008
The recent publication by the World Bank of PPP-GDP estimates for 2005, referred to 146 countries, seems a good occasion to reopen the long-standing debate on the use of Purchasing Power Parities. While theoretical speculations on the subject have continued, no estimate ... More


Some Proposed Methodological Developments for the UK Retail Prices Index Some Proposed Methodological Developments for the UK Retail Prices Index
Mick Silver, World Economics, March 2003
The Retail Prices Index (RPI) is one of the UK’s most important macroeconomic indicators, as well as being used for indexation/adjustments for inflation to wages and benefits. This paper argues that the dynamic changes in product markets and consumers’ responses to p ... More


Wanted: Measures of Economic Change Wanted: Measures of Economic Change
Ralph Turvey, World Economics, June 2001
Economic growth may involve change, but there can be change without economic growth insofar as outputs of some products or employment in some regions or industries grows while there are equal decreases elsewhere. National accounts data do not reveal such shifts, yet ... More


Extending the UK National Accounts Extending the UK National Accounts: What can be done?
Amanda Rowlatt, World Economics, March 2000
The national accounts measure economic activity. The UK is developing "satellite accounts" which use the framework of the national accounts but aim to quantify other aspects of living standards. This article starts by comparing satellite accounts with the use of indic ... More