Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
In a data set for developing, and
transition economies, the author finds that private
consumption per capita, based on national accounts, deviates
on average from mean household income, or expenditure based
on national sample surveys. Growth rates also differ
systematically, so that the ratio of the survey mean to the
national accounts mean, tends to fall over time. But there
are revealing exceptions to these general findings. The
aggregate difference in the levels is due more to income
surveys, than to expenditure surveys. And there are strong
regional effects; for example, the severe data problems in
the transition economies of Eastern Europe, and Central
Asia, means that there is negligible correlation in that
region, between growth rates from national accounts, and
those from household surveys.
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Bibliographic Details
| Main Author: |
Ravallion, Martin |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2001-08
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| Subjects: | ABSOLUTE POVERTY,
AGGREGATE OUTPUT,
CAPITAL CONTROLS,
CAPITAL FLIGHT,
CONSUMER PRICE INDEX,
CONSUMPTION GROWTH,
COUNTRY SIZE,
CRIME,
DATA COLLECTION,
DATA SET,
DATA SETS,
DEVELOPED COUNTRIES,
DEVELOPING COUNTRIES,
DEVELOPMENT POLICY,
DEVELOPMENT REPORT,
DEVELOPMENT RESEARCH,
DIRECT INVESTMENT,
ECONOMIC ACTIVITY,
ECONOMIC CONTRACTION,
ECONOMIC GROWTH,
ECONOMIC PERFORMANCE,
ECONOMIC REVIEW,
ECONOMIC WELFARE,
ECONOMISTS,
ELASTICITIES,
EMPIRICAL RELATIONSHIP,
EXCHANGE RATE,
EXCHANGE RATE REGIME,
EXPENDITURES,
GROWTH PERFORMANCE,
GROWTH RATE,
GROWTH RATES,
GROWTH REGRESSIONS,
HOUSEHOLD INCOME,
HOUSEHOLD SURVEYS,
HOUSEHOLD WELFARE,
HUMAN CAPITAL,
IMPORTS,
INCOME,
INCOME COMPONENTS,
INCOME SOURCES,
INCOMES,
INDUSTRIALIZED COUNTRIES,
INEQUALITY,
INEQUALITY CONVERGENCE,
INSURANCE,
INVENTORIES,
JOB CREATION,
LABOR DEMAND,
LIBERALIZATION,
LIVING STANDARDS,
LOCAL INSTITUTIONS,
LONG RUN,
MACROECONOMIC PERFORMANCE,
MEAN EXPENDITURE,
MEAN INCOME,
MEASUREMENT ERROR,
MEASUREMENT ERRORS,
MICRO DATA,
NATIONAL ACCOUNTS,
NATIONAL INCOME,
NATIONAL INCOME ACCOUNTING,
0 HYPOTHESIS,
OUTPUT GROWTH,
POLICY RESEARCH,
POLITICAL PARTIES,
POVERTY DYNAMICS,
POVERTY MEASURE,
POVERTY MEASURES,
POVERTY REDUCTION,
PREDICTED CHANGE,
PRIVATE CONSUMPTION,
PRIVATE SECTOR,
PRODUCTIVITY,
REGIONAL DIFFERENCES,
SAVINGS,
STANDARD OF LIVING,
STATISTICAL SYSTEMS,
TRANSITION COUNTRIES,
TRANSITION ECONOMIES,
TRANSITIONAL ECONOMIES, |
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| Online Access: | http://documents.worldbank.org/curated/en/2001/08/1570714/measuring-aggregate-welfare-developing-countries-well-national-accounts-surveys-agree
https://hdl.handle.net/10986/19561
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