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Social Science > Demography

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes x
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Cover IMF Working Papers
Measuring Quarterly Economic Growth from Outer Space
Robert C. M. Beyer
,
Yingyao Hu
, and
Jiaxiong Yao
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for emerging markets and developing economies, ranging from 1.36 to 1.81 across country groups and robust to different model specifications. The paper uses a light-adjusted measure of quarterly economic activity to show that higher levels of development, statistical capacity, and voice and accountability are associated with more precise national accounts data. The elasticity allows quantification of subnational economic impacts. During the COVID-19 pandemic, regions with higher levels of development and population density experienced larger declines in economic activity.
Keywords:
Nighttime lights; economic measurement; quarterly GDP; national accounts; COVID-19.; GDP growth; Summary statistics; light growth; growth measure; GDP measure; COVID-19; GDP measurement; Vector autoregression; Global
Cover IMF Staff Country Reports
New Zealand: Selected Issues Paper
International Monetary Fund
The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.
Keywords:
ISCR; CR; Australia; saving; GDP; national saving; saving rate; commodity price; public saving; business cycle; Private savings; Spillovers; Terms of trade; Vector autoregression; Commodity prices; Australia and New Zealand; Asia and Pacific