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...

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Main Author:	Ravallion, Martin
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
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
Online Access:	http://documents.worldbank.org/curated/en/2001/08/1570714/measuring-aggregate-welfare-developing-countries-well-national-accounts-surveys-agree http://hdl.handle.net/10986/19561

id	okr-10986-19561
recordtype	oai_dc
spelling	okr-10986-195612021-04-23T14:03:43Z Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree? Ravallion, Martin 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 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. 2014-08-21T17:22:39Z 2014-08-21T17:22:39Z 2001-08 http://documents.worldbank.org/curated/en/2001/08/1570714/measuring-aggregate-welfare-developing-countries-well-national-accounts-surveys-agree http://hdl.handle.net/10986/19561 English en_US Policy Research Working Paper;No. 2665 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Central Asia Europe and Central Asia Eastern Europe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 Ravallion, Martin Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
geographic_facet	Europe and Central Asia Central Asia Europe and Central Asia Eastern Europe
relation	Policy Research Working Paper;No. 2665
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Ravallion, Martin
author_facet	Ravallion, Martin
author_sort	Ravallion, Martin
title	Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
title_short	Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
title_full	Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
title_fullStr	Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
title_full_unstemmed	Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?
title_sort	measuring aggregate welfare in developing countries : how well do national accounts and surveys agree?
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2001/08/1570714/measuring-aggregate-welfare-developing-countries-well-national-accounts-surveys-agree http://hdl.handle.net/10986/19561
_version_	1764440005999067136

Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree?

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