This paper examines the role of a country’s data transparency in explaining gross domestic product growth forecast errors. It reports four sets of results that have not been previously reported in the existing literature. First, forecast errors—the difference between forecasted and realized gross domestic product growth—are large. Globally, between 2010 and 2020, the average same-year forecast error was 1.3 percentage points for the World Bank’s forecasts...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2023/04/12
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Рабочий документ в рамках исследования вопросов политики
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WPS10406
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1
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2023/04/12
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Disclosed
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Data Transparency and GDP Growth Forecast Errors