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This paper assesses the validity of the perception-based governance indicators used by the US Millennium Challenge Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to 2009, we find that although the MCA purports to measure...
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Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem …
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A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
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measurement errors has shifted. Surprisingly, we do not find evidence that the size of output gap revisions has decreased over … time; on the contrary, they seem to have increased. But the fraction of measurement errors due to omitted contemporaneous … information has declind. This suggests that while the OECD's accuracy in output gap measurement has failed to improve, its …
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