Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis
March 7, 2013
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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.
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
Pages:
43
Volume:
2013
DOI:
Issue:
060
Series:
Working Paper No. 2013/060
Stock No:
WPIEA2013060
ISBN:
9781475557398
ISSN:
1018-5941
