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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

  • DOI - Digital Object Identifier

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

  • Czech description

Classification

  • Type

    J<sub>ost</sub> - Miscellaneous article in a specialist periodical

  • CEP classification

  • OECD FORD branch

    50201 - Economic Theory

Result continuities

  • Project

  • 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

  • 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

  • EID of the result in the Scopus database