Statistical analysis of revisions to Irish national accounts
Item Type:Journal article
Citation:F. Ruane, 'Statistical analysis of revisions to Irish national accounts', Economic and Social Research Institute, Economic and Social Review, Vol. 6, No. 3, 1975, 1975, pp387-404
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This paper examines the effects of data revisions on the major expenditure components in the Irish national accounts. The various tests used to establish their extent confirm that revisions affect levels more seriously than growth rates. A strong tendency is found in most series for preliminary estimates to understate the final (true) figures; and while most of the revision occurs in the first period, there is occasionally some over-correction in later periods. The immediate problems such revisions pose for the econometrician and policy maker are discussed.
Author: Ruane, F.
Publisher:Economic & Social Studies
Type of material:Journal article
Series/Report no:Economic and Social Review
Vol. 6, No. 3, 1975
Availability:Full text available