Understanding PRC Investment Statistics
| Autor: | Carsten A. Holz |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
Gross fixed capital formation 050204 development studies National accounts media_common.quotation_subject 05 social sciences Planned economy Investment (macroeconomics) Data quality 0502 economics and business Statistics Fixed asset Alternative investment Aggregate data Quality (business) Business 050207 economics Finance media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.3541459 |
| Popis: | Investment statistics of the People's Republic of China are a source of much consternation. Fixed asset investment, a concept originating in the planned economy, comes with severe limitations. While detailed sector, ownership, and other data are available, data coverage changes continuously over time, data quality is a problem, and the concept itself is hardly appropriate for economic analysis today. Gross fixed capital formation, an alternative investment measure based on the national accounts, may be more appropriate for economic analysis but the production of these data is shrouded in mystery and only the most aggregate data are available. No matter which measure of investment one chooses, the researcher or policy-maker faces a veritable minefield of data issues that this paper helps navigate. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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