Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis
IMF Working Papers, March 7, 2013
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- Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis
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Bibliographic details
- Authors: Manik L. Shrestha, Marco Marini
- Published: March 7, 2013
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475557398.001
Summary
- This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000.
- The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008 financial crisis.
- The results indicate that larger and more downward revisions were observed during the years 2008 and 2009 than in previous years.
Major findings
- Larger revisions in quarterly GDP estimates occurred in 2008 and 2009 compared with prior years.
- Revisions in 2008 and 2009 were not only larger in magnitude but skewed more downward.
Scope and data
- Coverage: Group of Twenty countries (G-20).
- Frequency: Quarterly GDP estimates and their revisions.
- Sample period: Since 2000.
- Pages: 43
- Issue: 060
- Series: Working Paper No. 2013/060
Authors and publication
- By Manik L. Shrestha, Marco Marini
- March 7, 2013
- DOI: https://doi.org/10.5089/9781475557398.001
- ISBN: 9781475557398
- ISSN: 1018-5941
- Stock No: WPIEA2013060
- Volume: 2013
Subjects and keywords
- Subject: Business cycles, Economic growth, Financial crises, Global financial crisis of 2008-2009, National accounts
- Keywords: Africa, Business cycles, compilation system, GDP estimate, GDP revision, Global, Global financial crisis of 2008-2009, Gross Domestic Product, quarterly GDP, Quarterly National Accounts, revision process, Revisions Analysis, WP
Source: IMF Working Paper by Manik L. Shrestha and Marco Marini (March 7, 2013).
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