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dc.contributor.authorHartwig, Jochenen_US
dc.date.accessioned2011-11-01T13:36:18Z-
dc.date.available2011-11-01T13:36:18Z-
dc.date.issued2005en_US
dc.identifier.pidoi:10.3929/ethz-a-004957458en_US
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_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesArbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 101en_US
dc.subject.jelC43en_US
dc.subject.jelC82en_US
dc.subject.jelE31en_US
dc.subject.jelO47en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordNational Accountsen_US
dc.subject.keywordgovernanceen_US
dc.subject.keywordinflation and growth comparisonsen_US
dc.subject.keyworddeflation methodsen_US
dc.subject.keywordstatistical artefactsen_US
dc.subject.stwVolkswirtschaftliche Gesamtrechnungen_US
dc.subject.stwVergleichen_US
dc.subject.stwInternationalen_US
dc.subject.stwStatistische Methodeen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwUSAen_US
dc.subject.stwStatistischer Fehleren_US
dc.titleOn misusing national accounts data for governance purposesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn484751158en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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