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Kozicki, Sharon - 2010

This paper introduces a class of statistical tests for the hypothesis that some feature of a data set is common to several variables. A feature is detected in a single series by a hypothesis test where the null is that it is absent, and the alternative is that it is present. Examples are serial...

Persistent link: https://www.econbiz.de/10012760026

Comparing Predictive Accuracy

Diebold, Francis X.; Mariano, Roberto S. - 2021

Using research designs patterned after randomized experiments, many recent economic studies examine outcome measures for treatment groups and comparison groups that are not randomly assigned. By using variation in explanatory variables generated by changes in state laws, government draft...

Persistent link: https://www.econbiz.de/10013223006

Unit Roots in Macroeconomic Time Series : Some Critical Issues

McCallum, Bennett T. - 2021

This paper suggests that the relevant question concerning unit root' in the U.S. real GNP time series pertains to the relative importance of difference-stationary and trend-stationary components. Various analytical approaches indicate than an accurate answer is not obtainable with existing data....

Persistent link: https://www.econbiz.de/10013224193

Adjusting National Accounting for Health : Is the Business Cycle Countercyclical?

Egan, Mark - 2013

Many national accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture by ignoring, for example, the value of leisure, home production, and the value of health. Previous discussed shortcomings of such accounts...

Persistent link: https://www.econbiz.de/10013081833

Understanding Ppps and Ppp-Based National Accounts

Deaton, Angus - 2010

PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...

Persistent link: https://www.econbiz.de/10012758136

Population Aging and Intergenerational Transfers : Introducing Age into National Accounts

Mason, Andrew W. - 2010

In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...

Persistent link: https://www.econbiz.de/10012760498

A Forensic Examination of China's National Accounts

Chen, Wei - 2019

rewarded for meeting growth and investment targets, they have an incentive to skew local statistics. China's National Bureau of … Statistics (NBS) adjusts the data provided by local governments to calculate GDP at the national level. The adjustments made by … investment. Local statistics increasingly misrepresent the true numbers after 2008, but there was no corresponding change in the …

Persistent link: https://www.econbiz.de/10012872298

The Accumulation of Human and Nonhuman Capital, Revisited

Fraumeni, Barbara - 2015

In the 25 years since Jorgenson and Fraumeni (1989) published their first article on human capital, the U.S. National Income and Product Accounts (NIPA) and the SNA have changed significantly. The contribution of this paper is two-fold: Creation of a contemporary set of accounts which integrate...

Persistent link: https://www.econbiz.de/10013020212

Saving Puzzles and Saving Policies in the United States

Lusardi, Annamaria; Skinner, Jonathan S.; Venti, Steven F. - 2021

In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...

Persistent link: https://www.econbiz.de/10013220783

Measuring Depreciation for Japan : Rejoinder to Dekle and Summers

Hayashi, Fumio - 2021

Recently, my claim that depreciation reported in the Japanese national accounts is underestimated by a substantial margin has been challenged by Dekle and Summers (NBER Working Paper No. 3690), on the ground that the implied depreciation rate (ratio of depreciation to the capital stock) is...

Persistent link: https://www.econbiz.de/10013221935

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