An Examination of the Statistical Discrepancy and Private Investment Expenditure
Chris Bajada ()
No 103, Working Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney
Abstract:
The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980's the statistical discrepancy in Australia has grown significantly in size and variance. In the paper we demonstrate that the overwhelming contribution to the size of the statistical discrepancy is mismeasurement of private investment expenditure. We demonstrate that this mismeasurement not only adds to the volatility of investment but may have a significant impact on the volatility of the business cycle in general.
Keywords: statistical discrepancy; national accounts; investment; business cycles (search for similar items in EconPapers)
JEL-codes: C82 E32 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2000-02-01
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Citations:
Published as: Bajada, C., 2001, "An Examination of the Statistical Discrepancy and Private Investment Expenditure", Journal of Applied Economics, IV(1), 27-61.
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Journal Article: An Examination of the Statistical Discrepancy and Private Investment Expenditure (2001) 
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