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Measuring growth: Is the new US approach better?
Author(s) -
Barr Alistair
Publication year - 1996
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00051
Subject(s) - blame , weighting , economics , measure (data warehouse) , econometrics , sensitivity (control systems) , computer science , psychology , physics , database , electronic engineering , acoustics , engineering , psychiatry
In this article, Alistair Barr looks at the new approach adopted by the United States to measure growth. He argues that chain‐weighting is not to blame for the downward revision to estimates of growth during the current recovery. However, it has highlighted the sensitivity of estimates of real growth to different methodologies and this has implications for cross‐country comparisons.