MEASURING ARGENTINA GDP GROWTH: MYTHS AND FACTS

ARIEL COREMBERG

World Economics. The Journal of Current Economic Analysis and Policy

OXONIA. The Oxford Institute for Economic Policy

Lugar: Oxford; Año: 2014 vol. 15 p. 1 - 31

Since 2007, official economic statistics in Argentina, particularly on consumer inflation and GDP, have been subject to political manipulation. ? This paper reproduces Argentine national income from 2007 using standard methods and original sector data and finds that declared GDP is 12.2% higher in 1993 prices due to political intervention. ? The paper finds that the distortion is mainly due to changes in accounting methodology across industries and not to changes in inflation estimates. ? The reproduced GDP data dispels the myth that Argentina has been the fastest growing South American economy in recent years.