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Measuring aggregate welfare in developing countries - How well do national accounts and surveys agree?, Volume 1
Author:Ravallion, Martin; Collection Title:Policy, Research working paper ; no. WPS 2665
Country:Europe and Central Asia; Date Stored:2001/10/05
Document Date:2001/08/31Document Type:Policy Research Working Paper
SubTopics:Environmental Economics & Policies; Achieving Shared Growth; Governance Indicators; Social Analysis; Economic Theory & Research; Economic Conditions and Volatility; Inequality; Statistical & Mathematical SciencesLanguage:English
Major Sector:(Historic)Economic PolicyRegion:Europe and Central Asia
Report Number:WPS2665Sub Sectors:Other Economic Policy
Volume No:1  

Summary: 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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