In the Global Knowledge Economy one may notice,the changes in the structure of developed countries economy, in the nature of the activities within industries as well as into the relationship between different industries. The most important of them are: the increasing importance of services and...

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative channel of uncertainty - data uncertainty. This paper adds on...