Revisions and the Income and Expenditure Accounts
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This paper provides some background information on revisions within the Income and Expenditure Accounts as well as a detailed revisions analysis of the quarterly real growth rate of GDP. The analysis of revisions strives to ascertain if preliminary estimates have been significantly different from the final estimate, thereby indicating reliability needs to be improved. The revisions analysis presented here looks at the behaviour of the revisions to quarterly real GDP growth rate for the period 1981 to 2007 with the objective of determining if a significant bias exists.