Reassessing GDP Growth in Countries with Statistical Shortcomings - A Case Study on Turkmenistan

Reliable national accounts are essential for proper economic analyses and informed policymaking by national authorities as well as other stakeholders. Nevertheless, in many countries, national accounts statistics are subject to serious shortcomings, which are often manifested as overestimated growth...

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Bibliographic Details
Main Author: Gogoberishvili, Levan
Other Authors: Bayar, Ömer
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Reassessing GDP Growth in Countries with Statistical Shortcomings - A Case Study on Turkmenistan  |c Levan Gogoberishvili, Ömer Bayar 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2023 
300 |a 27 pages 
653 |a Wealth 
653 |a Financial crises 
653 |a Exports and Imports 
653 |a Intangible Capital 
653 |a Methodology for Collecting, Estimating, and Organizing Macroeconomic Data 
653 |a National accounts 
653 |a National income 
653 |a Economics of specific sectors 
653 |a Informal Economy 
653 |a Foreign Exchange 
653 |a Currency crises 
653 |a International trade 
653 |a Consumption; Economics 
653 |a Household consumption 
653 |a Macroeconomics 
653 |a Capacity 
653 |a Capital 
653 |a Imports 
653 |a Measurement and Data on National Income and Product Accounts and Wealth 
653 |a Gross fixed investment 
653 |a Economic & financial crises & disasters 
653 |a General Aggregative Models: General 
653 |a Investment 
653 |a Data Access 
653 |a Saving 
653 |a Economics: General 
653 |a Trade: General 
653 |a Informal sector; Economics 
653 |a International economics 
653 |a Economic sectors 
653 |a Urban, Rural, and Regional Economics: Household Analysis: General 
653 |a Saving and investment 
653 |a Exports 
653 |a Investments: General 
653 |a Consumption 
653 |a Macroeconomics: Consumption 
653 |a Underground Econom 
653 |a Economic History: Macroeconomics 
653 |a Environmental Accounts 
653 |a Growth and Fluctuations: Asia including Middle East 
700 1 |a Bayar, Ömer 
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520 |a Reliable national accounts are essential for proper economic analyses and informed policymaking by national authorities as well as other stakeholders. Nevertheless, in many countries, national accounts statistics are subject to serious shortcomings, which are often manifested as overestimated growth rates. In cases where official data are not adequate for surveillance, IMF staff compile alternative estimates by applying various forecasting methods. This study proposes a more holistic, bottom-up approach, which is based on the compilation of GDP by the expenditure method with limited source data. The study also discusses the case of Turkmenistan, where this method was implemented in practice