Missing Growth in Finland

Juho Anttila

No 60, ETLA Working Papers from The Research Institute of the Finnish Economy

Abstract: Abstract This study investigates the extent of ’missing growth’ in Finland due to upward bias in the cost-of-living measurement. This upward bias, as documented by Aghion et al. (2017), results from the quality adjustments that statistical offices use for entering and exiting products. This bias is estimated using a method by Aghion et al. (2017), which is based on establishments’ entry- and exit-dynamics. The baseline result suggests an average missing growth of 0.69 percentage points over the years 2006–2013. Additionally, product- and establishment-level data are used to study the identification assumptions behind the market share method. This study’s results raise some concerns regarding the validity of these assumptions.

Keywords: Inflation measurement; Creative destruction; Economic growth (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2018-08-24
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.etla.fi/wp-content/uploads/ETLA-Working-Papers-60.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rif:wpaper:60

Ordering information: This working paper can be ordered from
https://www.etla.fi/ ... g-growth-in-finland/

Access Statistics for this paper

More papers in ETLA Working Papers from The Research Institute of the Finnish Economy Contact information at EDIRC.
Bibliographic data for series maintained by Kaija Hyvönen-Rajecki ().