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The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …
Persistent link: https://www.econbiz.de/10012774497
This paper constructs internationally consistent measures of macroeconomic uncertainty. Our econometric framework extracts uncertainty from revisions in data obtained from standardized national accounts. Applying our model to quarterly post-WWII real-time data, we estimate macroeconomic...
Persistent link: https://www.econbiz.de/10012228723
Measurement error is a common phenomenon in the empirical sciences. Longitudinal data can especially be affected by it …, as measurement error can influence measures of change, which is one of the primary reasons for collecting longitudinal … data in panel surveys. However, measurement error in longitudinal data is rarely analysed. In this series of papers, the …
Persistent link: https://www.econbiz.de/10015202031
This paper presents a new method to correct for measurement error in wage data and applies this method to address an … a cut in nominal wages is substantially overstated in data that is not corrected for measurement error …
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