Comparing China's GDP Statistics with Coincident Indicators

The quality of China's GDP statistics

Since the 1998 “wind of falsification and embellishment,” Chinese official GDP statistics have repeatedly come under scrutiny. This paper evaluates the quality of China’s GDP statistics in four stages. First, it reviews past and ongoing suspicions of the quality of GDP data and examines the evidence. Second, it documents the institutional framework for data compilation and concludes on the impl...

Coincident and leading indicators of the stock market

In this paper we have two goals: first, we want to represent monthly stock market fluctuations by constructing a non-linear coincident financial indicator. The indicator is constructed as an unobservable factor whose first moment and conditional volatility are driven by a two-state Markov variable. It can be interpreted as the investors’ real-time belief about the state of financial conditions....

Measuring Well-Being: W3 Indicators to Complement GDP

Comparing Australia: international GDP rankings and revealed preference

Data on volumes and prices of consumption and investment are u s e d to compare Australian real GDP for 1990 with the other OECD countries. Australian consumption patterns, including leisure, a n d price structure are very different from most other countries a n d especially from Japan's. The Australian bundle of consumption, investment and leisure is revealed preferred to that of Japan and a n...

Comparing DNA integration site clusters with scan statistics

MOTIVATION Gene therapy with retroviral vectors can induce adverse effects when those vectors integrate in sensitive genomic regions. Retroviral vectors are preferred that target sensitive regions less frequently, motivating the search for localized clusters of integration sites and comparison of the clusters formed by integration of different vectors. Scan statistics allow the discovery of spa...