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Accuracy of Indices of Industrial Production in Developing Countries

Опубликовано на портале: 22-09-2003
Statistician. 1995.  Vol. Vol. 44. No. 3. . P. pp. 295-307.. 
Тематический раздел:
The paper discusses methods and sources of data used in the calculation of indices of industrial production in developing countries. It shows that many indices are very unreliable and explains why this is so. In some countries it is not possible to distinguish year-to-year movements in manufacturing production from the size of the average error in the index. Such inaccuracies make the indices of little value for government decision-making. Several suggestions are made to improve the reliability of the indices. Unless urgent action is taken by governments, international organizations and statistical offices, this highly unsatisfactory situation is likely to deteriorate.

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