Penn World Table 7.0: Are the data flawed?

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Date
2013
Author
Breton, Theodore R.
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Abstract
Abstract
PWT 7.0 data deviate substantially from PWT 6.3 data because the benchmarked prices for 1970 to 1996 used in PWT 6.3 were entirely discarded. PWT 7.0 data are unreliable and appear to be much less accurate than PWT 6.3 data.
URI
http://hdl.handle.net/10784/7542
Editor URL
Economics Letters. Vol.117(1), 2013, pp.208-210
http://www.sciencedirect.com/science/article/pii/S0165176512002807
DOI
10.1016/j.econlet.2012.05.012
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