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|Title: ||The limits of statistical information: How important are GDP revisions in Italy?|
|Authors: ||Lupi, Claudio|
|Keywords: ||Data revisions|
|Issue Date: ||6-Jun-2003|
|Abstract: ||The use of Gross Domestic Product (GDP) as a summary measure of the level of
economic activity is pervasive in empirical economics, policy analysis and forecasting.
This pervasive role of GDP and its nature of "public good" raises obvious problems of
timeliness and accuracy of the data.
A striking feature of GDP data (and, more generally, of all national accounts figures)
is the presence of "data vintages". That is, the GDP estimate for a specific year or
quarter is subject to several revi|
|Appears in Collections:||4 - REPEC|
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