Finance Discipline Group
UTS Business School
University of Technology, Sydney

Working Paper Series

Title:
An Examination of the Statistical Discrepancy and Private Investment Expenditure
Author(s): Chris Bajada
Date of publication: February 2000
Working paper number: 103
Abstract:
The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980's the statistical discrepancy in Australia has grown significantly in size and variance. In the paper we demonstrate that the overwhelming contribution to the size of the statistical discrepancy is mismeasurement of private investment expenditure. We demonstrate that this mismeasurement not only adds to the volatility of investment but may have a significant impact on the volatility of the business cycle in general.
Paper: Download (Format: PDF, Size: 169 Kb)
Comments: Published as: Bajada, C., 2001, "An Examination of the Statistical Discrepancy and Private Investment Expenditure", Journal of Applied Economics, IV(1), 27-61.