Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates

Published: Oct 1, 2009
Abstract
This paper sheds light on two problems in the Penn World Table (PWT) GDP estimates. First, we show that these estimates vary substantially across different versions of the PWT despite being derived from very similar underlying data and using almost identical methodologies; that this variability is systematic; and that it is intrinsic to the methodology deployed by the PWT to estimate growth rates. Moreover, this variability matters for the...
Paper Details
Title
Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates
Published Date
Oct 1, 2009
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