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The Accuracy of International Economic Observations

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  • van Bergeijk, Peter A G

Abstract

This paper investigates measurement errors in generally accepted figures on international transactions that are supplied by national statistical offices to the IMF and the OECD. Implicit minimal measurement errors in bilateral trade data for Germany and the Netherlands appear to be about 1.5-3 percent. An investigation of foreign direct investment data for 20 OECD countries in the period 1950-89 shows that their accuracy has improved little if at all since the 1970s: in 15-25 percent of the cases, implied minimal measurement errors are in excess of 10 percent. Copyright 1995 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • van Bergeijk, Peter A G, 1995. "The Accuracy of International Economic Observations," Bulletin of Economic Research, Wiley Blackwell, vol. 47(1), pages 1-20, January.
  • Handle: RePEc:bla:buecrs:v:47:y:1995:i:1:p:1-20
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    Citations

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    Cited by:

    1. Peter A.G. van Bergeijk, 2021. "Pandemic Economics," Books, Edward Elgar Publishing, number 20401.
    2. Polyzos, Efstathios & Kuck, Simon & Abdulrahman, Khadija, 2022. "Demographic change and economic growth: The role of natural resources in the MENA region," Research in Economics, Elsevier, vol. 76(1), pages 1-13.
    3. Frits Bos, 2009. "The Art And Craft Of Compiling National Accounts Statistics And Their Implications For Reliability," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(4), pages 930-958, December.
    4. Reese, Simon & Li, Yushu, 2013. "Testing for Structural Breaks in the Presence of Data Perturbations: Impacts and Wavelet Based Improvements," Working Papers 2013:36, Lund University, Department of Economics.
    5. Li, C. & van Bergeijk, P.A.G., 2016. "Do natural disasters stimulate international trade?," ISS Working Papers - General Series 622, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    6. Peter A.G. van Bergeijk, 2010. "On the Brink of Deglobalization," Books, Edward Elgar Publishing, number 14122.
    7. van Bergeijk, P.A.G., 2011. "One is not enough!," ISS Working Papers - General Series 22964, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    8. Buongiorno, Joseph & Johnston, Craig, 2018. "Effects of parameter and data uncertainty on long-term projections in a model of the global forest sector," Forest Policy and Economics, Elsevier, vol. 93(C), pages 10-17.
    9. Bos, Frits, 2007. "Compiling the national accounts demystified," MPRA Paper 3736, University Library of Munich, Germany.
    10. Bos, Frits, 1996. "The future of the national accounts," MPRA Paper 5956, University Library of Munich, Germany.
    11. Peter A.G. van Bergeijk, 2019. "Deglobalization 2.0," Books, Edward Elgar Publishing, number 18560.
    12. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
    13. M. del Mar Rubio Varas & Mauricio Folchi, 2005. "On the accuracy of Latin American trade statistics: A nonparametric test for 1925," Economics Working Papers 879, Department of Economics and Business, Universitat Pompeu Fabra.

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