Assessing Accuracy and Reliability : A Note Basedon Approaches Used in National Accounts and Balance of Payments Statistics

Author/Editor:

Carol S Carson ; Lucie Laliberté

Publication Date:

February 1, 2002

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Both national accounts and balance of payments are based on multiple, complex source data and typically undergo several routine revisions as more and better source data are incorporated into the final estimates. As a result, neither dataset can be subjected directly to the usual statistical measures of sampling biases, variances, and other measurement error properties. In this context, this note, which is addressed to those interested in these datasets and others, explores four approaches that shed light on the accuracy and reliability of these datasets: examination of statistical discrepancies, comparison with other data, analysis of revisions, and judgmental evaluation.

Series:

Working Paper No. 02/24

Subject:

English

Publication Date:

February 1, 2002

ISBN/ISSN:

9781451844153/1018-5941

Stock No:

WPIEA0242002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

21

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