Accounting Earnings and Gross Domestic Product

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2013 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Konchitchki, Yaniv; Patatoukas, Panos N;

doi: 10.2139/ssrn.2276774 , 10.1016/j.jacceco.2013.10.001

Accounting Earnings and Gross Domestic Product

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Abstract

AbstractWe document that aggregate accounting earnings growth is an incrementally significant leading indicator of growth in nominal Gross Domestic Product (GDP). Professional macro forecasters, however, do not fully incorporate the predictive content embedded in publicly available accounting earnings data. As a result, future nominal GDP growth forecast errors are predictable based on accounting earnings data that are available to professional macro forecasters in real time.

Related Organizations

University of California, Berkeley
United States
University of California, San Francisco
United States

Keywords

Auditing and Accountability, Economics and Econometrics, Corporate Profits, Corporate profits, Gross Domestic Product, Accounting Earnings, Gross Domestic Product (GDP), Accounting earnings, Banking, Decent Work and Economic Growth, Applied Economics, Accounting, Finance and Investment, E00 E01 M41, Finance

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