Underestimating the Real Growth of GDP, Personal Income and Productivity

Martin S. Feldstein

The problems involved in estimating real output that I discuss in this paper cause the official government statistics to underestimate of the rates of growth of real GDP, real personal income, and productivity. That underestimation is important not just to economists trying to understand where the economy is going but also to the broader public and to the political system

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Year of publication:	March 2017
Authors:	Feldstein, Martin S.
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Nationaleinkommen \| National income \| Wirtschaftswachstum \| Economic growth \| Produktivität \| Productivity \| Bruttoinlandsprodukt \| Gross domestic product \| Einkommensverteilung \| Income distribution
Description of contents:	This paper is not about the recent slowdown in measured productivity but that subject is discussed briefly

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w23306
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w23306 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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