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Measuring Economic Growth from Outer Space
Henderson, J. Vernon - 2010
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10013151806
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A New Monthly Index of Industrial Production, 1884-1940
Miron, Jeffrey A.; Romer, Christina D. - 2021
The paper derives a new monthly index of industrial production for the United States for 1884-1940. This index improves … component series that are consistent over time, and by not making ad hoc adjustments to the data. Analysis of the new index …
Persistent link: https://www.econbiz.de/10013244089
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Adjusting Output and Productivity Indexes for Changes in the Terms of Trade
Diewert, W. Erwin; Morrison Paul, Catherine J. - 2022
In this paper we employ index number theory in addressing the problem of adjusting real national income and real …
Persistent link: https://www.econbiz.de/10013324490
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Measuring Real Consumption and CPI Bias Under Lockdown Conditions
Diewert, Erwin - 2020
Millions of goods and services are now unavailable in many countries due to the current coronavirus pandemic, dramatically impacting on the construction of key economic statistics used for informing policy. This situation is unprecedented; hence methods to address it have not previously been...
Persistent link: https://www.econbiz.de/10012833756
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Hedonic Price Indexes and the Measurement of Capital and Productivity : Some Historical Reflections
Griliches, Zvi - 2021
the measurement of capital services and connects it to the Jorgenson-Griliches (1967) paper on the "explanation of …
Persistent link: https://www.econbiz.de/10013212907
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Mismeasurement of the CPI
Ariga, Kenn; Matsui, Kenji - 2022
In this paper, we investigate several key problems in Japanese economic statistics. We use CPI mismeasurements and biases as an example to explore the roots of the problems and also to offer guidelines for improvements. We emphasize 3 major shortcomings shared by many official statistics in...
Persistent link: https://www.econbiz.de/10013324117
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Mismeasurement in the Consumer Price Index : An Evaluation
Shapiro, Matthew D.; Wilcox, David W. - 2022
living. This paper develops a framework for studying measurement problems in the consumer price index and systematically …A number of analysts have claimed recently that the consumer price index overstates the annual increase in the cost of … show how better to measure medical care prices, the paper presents a prototypical price index for cataract surgery. This …
Persistent link: https://www.econbiz.de/10013324463
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Expanded GDP for Welfare Measurement in the 21st Century
Hulten, Charles R.; Nakamura, Leonard I. - 2022
this paper, we use this framework to provide a detailed critique of existing GDP and price measurement procedures and …
Persistent link: https://www.econbiz.de/10014102644
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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre; Mairesse, Jacques; Dagenais, Marcel - 2021
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10013218733
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Improving GDP Measurement : A Measurement-Error Perspective
Aruoba, S. Borağan - 2013
We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties - particularly as regards serial correlation - differ markedly from those of the standard expenditure-side...
Persistent link: https://www.econbiz.de/10013083397