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Noise or Systematic Misreporting of National Accounts?

Klarin, Jonas LU (2011) NEKK01 20111
Department of Economics
Abstract
In the NBER Working paper ”Measuring Economic Growth From Outer Space” it is suggested that 29 countries have reported GDP that differs from “true” GDP. In this bachelor’s thesis these countries are examined and a common denominator for them is sought after. None is found, but other interesting discoveries are uncovered hinting that the discrepancy from “true” GDP is not just noise. A connection is revealed where it seems like the level of autarchy influences the level of GDP overestimation. Another relationship is found that tells us that the there is a connection between the dependency on foreign aid and underestimation of GDP. Lastly, a third correlation is discovered, which suggests that countries experiencing high growth more often... (More)
In the NBER Working paper ”Measuring Economic Growth From Outer Space” it is suggested that 29 countries have reported GDP that differs from “true” GDP. In this bachelor’s thesis these countries are examined and a common denominator for them is sought after. None is found, but other interesting discoveries are uncovered hinting that the discrepancy from “true” GDP is not just noise. A connection is revealed where it seems like the level of autarchy influences the level of GDP overestimation. Another relationship is found that tells us that the there is a connection between the dependency on foreign aid and underestimation of GDP. Lastly, a third correlation is discovered, which suggests that countries experiencing high growth more often overestimate their GDP and countries experiencing low growth more often underestimate their GDP. The number of observations that have GDP that differs from “true” GDP is however small, which means that these results must be taken with caution. They are to be considered as the first clues in yet unlocked mysteries. (Less)
Please use this url to cite or link to this publication:
author
Klarin, Jonas LU
supervisor
organization
course
NEKK01 20111
year
type
M2 - Bachelor Degree
subject
keywords
Gross Domestic Product, Lights Data, National Accounts, Institutional Economics
language
English
id
1974119
date added to LUP
2011-06-16 14:18:29
date last changed
2011-06-16 14:18:29
@misc{1974119,
  abstract     = {In the NBER Working paper ”Measuring Economic Growth From Outer Space” it is suggested that 29 countries have reported GDP that differs from “true” GDP. In this bachelor’s thesis these countries are examined and a common denominator for them is sought after. None is found, but other interesting discoveries are uncovered hinting that the discrepancy from “true” GDP is not just noise. A connection is revealed where it seems like the level of autarchy influences the level of GDP overestimation. Another relationship is found that tells us that the there is a connection between the dependency on foreign aid and underestimation of GDP. Lastly, a third correlation is discovered, which suggests that countries experiencing high growth more often overestimate their GDP and countries experiencing low growth more often underestimate their GDP. The number of observations that have GDP that differs from “true” GDP is however small, which means that these results must be taken with caution. They are to be considered as the first clues in yet unlocked mysteries.},
  author       = {Klarin, Jonas},
  keyword      = {Gross Domestic Product,Lights Data,National Accounts,Institutional Economics},
  language     = {eng},
  note         = {Student Paper},
  title        = {Noise or Systematic Misreporting of National Accounts?},
  year         = {2011},
}