Benford’s Law and Macroeconomic Data Quality / / Jesus Gonzalez-Garcia, Gonzalo Pastor Campos

• Autore: Gonzalez-Garcia Jesus
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (22 p.)
• Disciplina: 339
• Soggetto topico: Business & Economics; Economic Theory; Investments: General; Macroeconomics; Money and Monetary Policy; Statistics; Econometric and Statistical Methods: General; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; General Aggregative Models: General; Investment; Capital; Intangible Capital; Capacity; Data Collection and Data Estimation Methodology; Computer Programs: Other; Current Account Adjustment; Short-term Capital Movements; Econometrics & economic statistics; Monetary economics; Currencies; National accounts; Gross fixed investment; Government finance statistics; Balance of payments statistics; Money; Economic and financial statistics; National income; Saving and investment; Finance; Balance of payments
• Soggetto geografico: United States
• Altri autori: Pastor CamposGonzalo
• Note generali: Description based upon print version of record.
• Nota di contenuto: 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 Tests ; 4. 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; References
• Sommario/riassunto: This 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.
• Titolo autorizzato: Benford’s Law and Macroeconomic Data Quality
• ISBN: 1-4623-0634-9; 1-4527-9144-9; 1-4518-7157-0; 9786612842320; 1-282-84232-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910812138203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/010