Measuring Economic Growth from Outer Space: A Comment

We examine econometric and elementary economic theory issues arising from the model specification in Henderson, Storeygard and Weil (2012), that uses night light data to proxy for missing or unreliable GDP growth data. An alternative approach based on the expenditure function is outlined. It can accommodate prices as well as quantity information from other commodity markets.

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Year of publication:	2013-11-25
Authors:	Berliant, Marcus ; Weiss, Adam
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	GDP \| Night light data \| Omitted variable \| Expenditure function \| Spatial autocorrelation

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D11 - Consumer Economics: Theory ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O57 - Comparative Studies of Countries
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011108043