Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree ?

  title={Measuring Aggregate Welfare in Developing Countries : How Well Do National Accounts and Surveys Agree ?},
  author={Martin Ravallion},
In a cross-country data set for developing and transitional economies, private consumption per capita from the national accounts deviates on average from mean household income or expenditure based on national sample surveys. Growth rates also differ systematically, such that the ratio of the survey mean to mean consumption from the national accounts is tending to fall over time. The exceptions to these general findings are revealing, however. There are strong regional effects. The aggregate… CONTINUE READING

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