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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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| 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 |
| Summary: | 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. |
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