Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/50807 
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dc.contributor.authorHartwig, Jochenen
dc.date.accessioned2011-11-01T13:36:18Z-
dc.date.available2011-11-01T13:36:18Z-
dc.date.issued2005-
dc.identifier.pidoi:10.3929/ethz-a-004957458en
dc.identifier.urihttp://hdl.handle.net/10419/50807-
dc.description.abstractAccording to KENDRICK (1996, p. 1), National Accounts have become an indispensable tool for macroeconomic analysis, projections, and policy formulation. The paper elaborates on this statement, addressing policy domains that rely heavily on National Accounts data. Yet - useful as they are - National Accounts can also be misused in the context of governance. The most common misapplication of National Accounts relates to the field of international comparisons. For instance, according to National Accounts data, the U.S. have outperformed all other high-income economies over the course of the 90s and up through the new millennium. In many European countries, public debate centres on the question how to devise structural reforms in order to make the set-up of the respective economy more similar to that of the United States. Arguably, the main impact of National Accounts on governance can be found here. Still, there are large differences in the ways National Accounts calculations are carried out even among European countries, let alone between Europe and the U.S. The paper discusses several such differences, showing that the divergence in growth rates between the U.S. and the EU since 1997 can be explained almost entirely in terms of differing statistical methods.en
dc.language.isoengen
dc.publisher|aETH Zurich, KOF Swiss Economic Institute |cZurichen
dc.relation.ispartofseries|aKOF Working Papers |x101en
dc.subject.jelC43en
dc.subject.jelC82en
dc.subject.jelE31en
dc.subject.jelO47en
dc.subject.jelO57en
dc.subject.ddc330en
dc.subject.keywordNational Accountsen
dc.subject.keywordgovernanceen
dc.subject.keywordinflation and growth comparisonsen
dc.subject.keyworddeflation methodsen
dc.subject.keywordstatistical artefactsen
dc.subject.stwVolkswirtschaftliche Gesamtrechnungen
dc.subject.stwVergleichen
dc.subject.stwInternationalen
dc.subject.stwStatistische Methodeen
dc.subject.stwEU-Staatenen
dc.subject.stwUSAen
dc.subject.stwStatistischer Fehleren
dc.titleOn misusing national accounts data for governance purposes-
dc.typeWorking Paperen
dc.identifier.ppn484751158en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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