Studies in the National Income and Expenditure of the UK: Reconciliation of National Income and Expenditure: Balanced Estimates of National Income for the United Kingdom, 1920-1990 Series Number 7 (Hardback)James Sefton (author), Martin Weale (author)
Hardback 344 Pages / Published: 18/01/1996
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This book was first published in 1995. The problem of disparities between different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The method enhances the reliability of the underlying data and leads to maximum-likelihood estimates. It is illustrated by application to the UK national accounts for the period 1920-1990. The book includes a full set of estimates for this period, including runs of industrial data for the period 1948-1990, which are longer than those available from any other source. The statistical technique allows estimates of standard errors of the data to be calculated and verified; these are presented both for data in levels and for changes in variables over 1-, 2- and 5-year periods.
Publisher: Cambridge University Press
Number of pages: 344
Weight: 680 g
Dimensions: 229 x 152 x 24 mm
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