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Data Papers on Government statistics



The Data Quality Index The Data Quality Index
World Economics
World Economics, June 2017
GDP data is important used to apportion funds from international organisations, to influence rating agency decisions and much more, but official data is totally inadequate for the demands made of it. The notion of GDP data is flawed conceptually, but there are also seve ... More


The Environmental Kuznets Curve The Environmental Kuznets Curve: The Validity of Kuznets and its Policy Implications
Harry Booth, World Economics, March 2017
The Kuznets curve is an income inequality measure used in development studies which predicts an inverse-U shape with inequality first rising with industrialisation and then declining, as more and more workers join the high-productivity sectors of the economy. Criticism ... More


Are Estimates of the Economic Contribution of Financial Services Reliable Are Estimates of the Economic Contribution of Financial Services Reliable
Brian Sturgess, World Economics, March 2017
The methods used to estimate the contribution of financial services to national income are seriously flawed. Banking sector output in the UK was estimated to have increased in 2008 while the financial services sector was collapsing. The relative contribution of service ... More


Neglect Private Debt at the Economy’s Peril? Neglect Private Debt at the Economy’s Peril?: Applying Balance Sheet Recession Analysis to the Post Bail-in Cyprus Economy
Leslie G. Manison & Savvakis C. Savvides, World Economics, March 2017
The role of private debt as a cause of financial crises and prolonged recessions is often neglected. In Cyprus policy concern has focused on government debt despite the problem of a rapid growth of private debt and its wasteful use. Private debt in Cyprus stands at over ... More


Measuring the Success of Industrial Policy in Australia Measuring the Success of Industrial Policy in Australia
Andrew Marks, World Economics, December 2016
Industry policy in the context of trade liberalization has played a critical reinforcing role in re-orienting production in the Australian manufacturing sector from the domestic to international market. In the textile, clothing, footwear and motor vehicle industries thi ... More


Exploding Debt Syndrome:  The Politics of the Greek Debt Crisis Exploding Debt Syndrome: The Politics of the Greek Debt Crisis
Elliot Y. Neaman & Shalendra D. Sharma, World Economics, September 2016
The economic roots of the Eurozone’s sovereign debt crisis are fairly well understood by scholars and analysts, but the political forces behind the crisis less so, despite the fact that the Eurozone predicament derives fundamentally from an intersection of mostly politi ... More


Towards a Better Understanding of International Capital Volatility Towards a Better Understanding of International Capital Volatility
Graham Bird, World Economics, September 2016
Understanding why capital moves internationally in the way that it does has become increasingly important as capital accounts have been liberalized and as the size of international capital movements has expanded dramatically. International capital movements exert potent ... 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


Inflation Targeting in Developing Countries Inflation Targeting in Developing Countries
Anthony Gathogo & Wook Sohn, World Economics, June 2015
This paper analyzes economic and institutional factors that affect the likelihood of adopting an inflation-targeting monetary policy regime in emerging markets and developing countries. We use a logit model for a sample that comprises both inflation-targeting and non-ta ... More


Measuring Employment in Developing Countries Measuring Employment in Developing Countries
Nomaan Majid, World Economics, September 2014
This paper is concerned with measuring categories of employment that have an economy-wide meaning in the developing world. Employment has always had two interconnected sides, output and income, and these two dimensions of employment operate under very different conditio ... 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


The Power of Price Indexes The Power of Price Indexes: And how to use them to steal a hundred billion dollars, seriously underestimate Japanese growth for 20 years and escape easily from debt
Raymond Cheung and Mike Waterson
World Economics, March 2011
Price indexes are the most important of all economic indicators simply because they are the tool used to calculate the real size, speed and direction of all forms of economic activity. Price indexes are compiled almost everywhere, but with major differences in method an ... More


A Rising Consumer Class A Rising Consumer Class: A perspective on India
Manish Sonthalia, World Economics, December 2010
India has had two stages of growth, both related to consumption since 1947. The first was based on developing economic self sufficiency; the second on rising disposable income. It is now entering its third period of consumption growth which sees it entering the world st ... 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


Maddison and Wu: ‘Measuring China’s Economic Performance’ Maddison and Wu: ‘Measuring China’s Economic Performance’
Yuri Dikhanov & Eric V. Swanson, World Economics, March 2010
Angus Maddison and Harry Wu (2008) claim that, in 2003, China’s GDP was 73% of that of the United States on a purchasing power parity (PPP) basis. Rejecting the results of the 2005 International Comparison Program (ICP), they construct their own PPP using a 1986 GDP est ... More


Measuring China’s Economic Performance Measuring China’s Economic Performance
Andreas (Andy) Jobst & Harry X. Wu, World Economics, June 2008
China is the world’s fastest growing economy and is also the second largest. However, the official estimates of the Chinese National Bureau of Statistics exaggerate GDP growth and need adjustment to conform to international norms as set out in the 1993 System of Nationa ... More


Measuring Consumer Inflation in the United Kingdom Measuring Consumer Inflation in the United Kingdom: Recent developments and the future outlook
David Fenwick, World Economics, March 2003
Responding to Mick Silver’s proposals regarding the RPI, David Fenwick of the ONS summarises some of the issues that confront compilers of price indices. ... 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


Owner-occupiers and the Price Index Owner-occupiers and the Price Index
Ralph Turvey, World Economics, September 2000
The treatment of owner-occupied dwellings in Consumer Price Indexes varies between countries and is the subject of continuing controversy. Ralph Turvey explains the alternative possible treatments and reasons for disagreement.

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