Suchergebnisse

This paper examines the usefulness of testing the conformity of macroeconomic data with Benford's law as indicator of data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality ratings included in the data module of the Reports on the Observance of Standards and Codes (data ROSCs). Furthermore, the analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may re

En el presente artículo se analiza la experiencia de América Latina en la implementación del Sistema de Cuentas Nacionales 1993 y la actualización del año base de las cuentas nacionales. También se realiza una evaluación preliminar de los posibles sesgos de medición en las estimaciones del PIB nominal que obedecen a la utilización de años base no actualizados de las cuentas nacionales, a los sesgos a la baja en las estimaciones del consumo final de los hogares y a una sobrestimación de la formación bruta de capital fijo en las actividades de construcción. (Rev CEPAL/GIGA)

Spain's participation in European integration has strengthened its policymaking credibility and created an enviroment conducive to sustainable economic growth. Over the last decade, Spain has seen improvements in inflation, output, employment, and its balance of payments, and it has substantially reformed its product, labor, and financial markets. This paper reviews Spain's past economic performance and sees good prospects for further rises in living standards

This paper reviews the Latin American experience with the implementation of 1993 SNAand the updating of the national accounts' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming from the use of outdated national accounts base years, downwards biases with household final consumption estimates, and an overestimation of gross fixed capital formation in construction activities

This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-sectoral linkages and institutional pre-conditions for local content promotion. Based on an Input-Output description of the economy, we quantify the consistency between the prospective oil sector development and the growth of other sectors of the economy. We also assess a number of sectoral policies and ""niche"" activities within the oil industry that would maximize the local benefits fr

This paper reviews the Latin American experience with the implementation of 1993 SNAand the updating of the national accounts'' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming from the use of outdated national accounts base years, downwards biases with household final consumption estimates, and an overestimation of gross fixed capital formation in construction activities