06609oam 22014774 450 991078834880332120230120051455.01-4623-0634-91-4527-9144-91-4518-7157-097866128423201-282-84232-3(CKB)3170000000055185(EBL)1608143(SSID)ssj0000940072(PQKBManifestationID)11483768(PQKBTitleCode)TC0000940072(PQKBWorkID)10947844(PQKB)10137075(MiAaPQ)EBC1608143(Au-PeEL)EBL1608143(OCoLC)867079269(MiAaPQ)EBC3013003(IMF)WPIEE2009010(EXLCZ)99317000000005518520020129d2009 uf 0engur|n|---|||||txtccrBenford’s Law and Macroeconomic Data Quality /Jesus Gonzalez-Garcia, Gonzalo Pastor CamposWashington, D.C. :International Monetary Fund,2009.1 online resource (22 p.)IMF Working PapersDescription based upon print version of record.1-4519-1593-4 Contents; I. Introduction; II. Benford's Law and Testing Methodology; A. Benford's Law; B. Testing Methodology; III. Conformity of Macroeconomic Data with Benford's Law; IV. Comparison of Goodness of Fit Tests Results with ROSC Assessments of Data Quality; V. Can Tests of Conformity with Benford's Law be Considered Reliable Indicators of Macroeconomic Data Quality ?; VI. Conclusion; Text Tables; 1. Banking Survey Statistics: Goodness of Fit Tests; 2. Balance of Payments Statistics: Goodness of Fit Tests; 3. National Accounts Statistics: Goodness of Fit Tests4. Government Finance Statistics: Goodness of Fit Tests5. Rejections of Benford's Law and Shares of LNO and NO Ratings; Appendix: Country Groups and Data Series Used; Appendix Tables; A.1. Groups of Countries; A2. Data Series Tested; Text Figures; 1. Finland and Japan Nominal GDP; 2. Niger Nominal GDP, Household Consumption and Gross Fixed Capital Formation; ReferencesThis paper examines the usefulness of testing the conformity of macroeconomic data with Benford's law as indicator of data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality ratings included in the data module of the Reports on the Observance of Standards and Codes (data ROSCs). Furthermore, the analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may result from marked structural shifts in the data series. Hence, nonconformity with Benford's law should not be interpreted as a reliable indication of poor quality in macroeconomic data.IMF Working Papers; Working Paper ;No. 2009/010Business & EconomicsHILCCEconomic TheoryHILCCInvestments: GeneralimfMacroeconomicsimfMoney and Monetary PolicyimfStatisticsimfEconometric and Statistical Methods: GeneralimfMethodology for Collecting, Estimating, and Organizing Macroeconomic DataimfData AccessimfMeasurement and Data on National Income and Product Accounts and WealthimfEnvironmental AccountsimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfGeneral Aggregative Models: GeneralimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfData Collection and Data Estimation MethodologyimfComputer Programs: OtherimfCurrent Account AdjustmentimfShort-term Capital MovementsimfEconometrics & economic statisticsimfMonetary economicsimfCurrenciesimfNational accountsimfGross fixed investmentimfGovernment finance statisticsimfBalance of payments statisticsimfMoneyimfEconomic and financial statisticsimfNational incomeimfSaving and investmentimfFinanceimfBalance of paymentsimfUnited StatesimfBusiness & EconomicsEconomic TheoryInvestments: GeneralMacroeconomicsMoney and Monetary PolicyStatisticsEconometric and Statistical Methods: GeneralMethodology for Collecting, Estimating, and Organizing Macroeconomic DataData AccessMeasurement and Data on National Income and Product Accounts and WealthEnvironmental AccountsMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsGeneral Aggregative Models: GeneralInvestmentCapitalIntangible CapitalCapacityData Collection and Data Estimation MethodologyComputer Programs: OtherCurrent Account AdjustmentShort-term Capital MovementsEconometrics & economic statisticsMonetary economicsCurrenciesNational accountsGross fixed investmentGovernment finance statisticsBalance of payments statisticsMoneyEconomic and financial statisticsNational incomeSaving and investmentFinanceBalance of payments339Gonzalez-Garcia Jesus1491219Pastor Campos Gonzalo1491220DcWaIMFBOOK9910788348803321Benford’s Law and Macroeconomic Data Quality3712967UNINA