Is the size of Government underestimated? On the treatment of market in macroeconomic statistics.
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F16%3A43888423" target="_blank" >RIV/44555601:13510/16:43888423 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Is the size of Government underestimated? On the treatment of market in macroeconomic statistics.
Original language description
Statistical measurement of government has become one of the main challenges for statisticians as the extent of government interventionism has been extending over last decades. Higgs has dealt with some aspects of how the size of government is commonly expressed (Higgs, 1991; Higgs, 2015). Aim of this paper is to add some relevant facts of the methodological nature leading to the underestimation of government in official statistics. We consider this issue essential even though rather ignored in the mainstream literature. As it is illustrated in the text, the size of government tends to be underestimated in the macroeconomic statistics due a number of issues - the immeasurability of several interventions, lacking information and the inappropriate treatment of market mechanism in the currently methodology.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Romanian Economic and Business Review
ISSN
1842-2497
e-ISSN
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Volume of the periodical
11
Issue of the periodical within the volume
4
Country of publishing house
RO - ROMANIA
Number of pages
7
Pages from-to
85-91
UT code for WoS article
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EID of the result in the Scopus database
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