Escosura, Leandro Prados de la - Instituto Figuerola de Historia y Ciencias Sociales, … - 2014
accounts and historical estimates are spliced. To allow for changes in relative prices, GDP benchmark years in national … accounts are periodically replaced with new and more recent ones. Thus, a homogeneous long-run GDP series requires linking … GDP levels and growth, particularly as an economy undergoes deep structural transformation. An inadequate splicing may …