United Kingdom : Selected Issues.

This Selected Issues paper examines national accounts revisions and the economic cycle for the United Kingdom. The paper concludes that upward revisions to GDP data are positively correlated with economic activity, in particular, with growth in its domestic component. The paper suggests that althoug...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Staff Country Reports; Country Report ; No. 1998/004
Online Access:Full text available on IMF
Description
Summary:This Selected Issues paper examines national accounts revisions and the economic cycle for the United Kingdom. The paper concludes that upward revisions to GDP data are positively correlated with economic activity, in particular, with growth in its domestic component. The paper suggests that although revisions may have become smaller in recent years, the procyclical bias in the data revision has not been eliminated. The regression model employed also suggests that GDP growth in 1996-currently estimated at 2.4 percent-could be as much as a 0.6 percentage point higher than that estimate.
Item Description:<strong>Off-Campus Access:</strong> No User ID or Password Required
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Physical Description:1 online resource (116 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students