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Revising GDP estimates in sub-Saharan Africa : lessons from Ghana

Jerven, Morten LU and Ebo Duncan, Magnus (2012) In African Statistical Journal 15. p.13-24
Abstract
The upward revision of GDP in Ghana, announced in November 2010, attracted considerable attention in the media, in the development community, and from development scholars. This paper clarifies what caused this upward revision and discusses how the revision was handled. Many other countries have outdated base years and do not utilize data sources fully. They can learn from the Ghanaian experience and improve the accuracy of the most important metric for macroeconomic evaluations. This paper also offers a perspective on how the media and popular opinions are best managed in a careful and transparent process.
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author
publishing date
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Contribution to journal
publication status
published
subject
keywords
national income accounting, rebasing, data quality, statistical capacity
in
African Statistical Journal
volume
15
pages
12 pages
language
English
LU publication?
no
id
34d705f8-ce75-4963-8b22-d0be25922f12
alternative location
https://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/ASJ15%20Section1%20Eng.pdf
date added to LUP
2017-06-19 05:29:38
date last changed
2017-06-30 14:29:10
@article{34d705f8-ce75-4963-8b22-d0be25922f12,
  abstract     = {The upward revision of GDP in Ghana, announced in November 2010, attracted considerable attention in the media, in the development community, and from development scholars. This paper clarifies what caused this upward revision and discusses how the revision was handled. Many other countries have outdated base years and do not utilize data sources fully. They can learn from the Ghanaian experience and improve the accuracy of the most important metric for macroeconomic evaluations. This paper also offers a perspective on how the media and popular opinions are best managed in a careful and transparent process.},
  author       = {Jerven, Morten and Ebo Duncan, Magnus},
  keyword      = {national income accounting,rebasing,data quality,statistical capacity},
  language     = {eng},
  pages        = {13--24},
  series       = {African Statistical Journal},
  title        = {Revising GDP estimates in sub-Saharan Africa : lessons from Ghana},
  volume       = {15},
  year         = {2012},
}