ON REVISIONS IN NATIONAL ACCOUNTS ESTIMATES1

Horst Rinne

Review of Income and Wealth, 1969, vol. 15, issue 3, 229-245

Abstract: This paper treats three subjects: (1) In Sections II and III there is given a general analysis of revisions in national income data, namely the sources of revisions are enumerated and the conclusions that might be drawn are discussed in some detail. (2) Section IV gives a description of the history of revisions in national income estimates for the FRG (Federal Republic of Germany) for the period 1949–1965. The general revisions are classified according to their causes. (3) Sections V to VII give a statistical analysis of the revisions described in Section IV. Revisions in the level and in the linear annual change are characterized by their mean and their mean absolute deviation. Theil's coefficient of inequality is computed and on the basis of its decomposition a kind of analysis of variance is carried out.

Date: 1969
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