Construction of Consistent Panels of Real Gross Domestic Product and its Components at Current and Constant Prices (2009–2013)
The proposed project represents a significant advance on the current work by the project team as it aims to construct panels of real gross domestic product, private consumption, government expenditure and investment at current and constant prices. The project will generate optimum predictors and standard errors using innovative econometric methodology. It will cover 185 countries and the period 1950 to 2005. Researchers and policy makers will benefit from the panel data generated by the project in their studies on the impact of globalization on living standards, regional and global inequality, and in assessing growth, productivity, catch-up and convergence of nations.