scholarly journals Revisions in the Norwegian National Accounts: accuracy, unbiasedness and efficiency in preliminary figures

2021 ◽  
Author(s):  
Magnus Kvåle Helliesen ◽  
Håvard Hungnes ◽  
Terje Skjerpen
Keyword(s):  
Growth Rates ◽  
Capital Formation ◽  
Fixed Capital ◽  
Forecast Evaluation ◽  
National Accounts ◽  
Fixed Capital Formation

AbstractThis paper investigates the quality of preliminary figures in the Norwegian National Accounts. To address the problem of few observations in such analyses, we use some recently developed system tests for forecast evaluation. We find that preliminary figures for growth rates NA figures (measured in real terms) are accurate, unbiased and efficient. The exception is growth rates for real gross fixed capital formation, which under-predict the final figures. Early published vintages of growth rates for real gross fixed capital formation are often closer to the final vintages than later vintages are.

Growth and Structural Change in Pakistan's Manufacturing Industry : A Comment

1965 ◽  
Vol 5 (4) ◽  
pp. 659-662 ◽  
Author(s):  
Gustav F. Papanek
Keyword(s):  
Structural Change ◽  
Growth Rates ◽  
Consumer Goods ◽  
Large Scale ◽  
Manufacturing Industry ◽  
Value Added ◽  
National Accounts ◽  
Differential Growth ◽  
Rate Of Growth ◽  
Major Industry

The Lewis and Soligo article [1] includes an estimate of the growth of all "large scale" industry followed by an analysis of the growth rates of the major industry groups: consumer goods, intermediate products, investment and related goods. These two parts of the article are not dependent on each other and the very interesting and excellent analysis of the differential growth rates of the subsectors would not be affected by bias in the overall growth estimates. Some questions can be raised about both parts of the article. Estimates of value added and rate of growth of large scale industry are of considerable importance to analyses of the Pakistan economy. Lewis and Soligo's estimate of the level of value added and its rate of growth is considerably higher than those of the Census of Manufacturing Industry (CMI), the National Accounts, and my own [2].

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