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This paper seeks to illuminate the uncertainty in official GDP per capita measuresusing auxiliary data. Using satellite-recorded nighttime lights as an additional measurementof true GDP per capita, we provide a statistical framework, in which the error inofficial GDP per capita may depend on the...
Persistent link: https://www.econbiz.de/10012869295
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...
Persistent link: https://www.econbiz.de/10014082217