To Hide a Huge Deficit

Minister Montoro and his employee Ángel de la Fuente, former researcher at the Spanish National Research Council (CSIC) and the UAB (Autonomous University of Barcelona), have finally published their "territorialized accounts". After a first reading, these are my reactions.

First. It is not acceptable that the ministry would hide data that should be public property. Making the data publicly available would allow economists to estimate the interregional accounts using their own preferred method including the scientific methodologies that have been in use for years by academia. To hide the data and only publish "cuentas territorializadas" (literally, "territorialized accounts" 1), completely cooked by like-minded economists, is an intellectual embarrassment. In democratic countries, data belong to the citizens, not to the ministers or the king, and respected ex-academics should not engage in this kind of concealment [...]

- Link to the whole article (ENGLISH)

Xavier Sala i Martín

Xavier Sala i Martin is the J. and M. Grossman Professor of Economic Development at Columbia University in the city of New York. He earned his PhD in Economics at Harvard University in 1990.He previously taught at Yale University, Harvard University and UPF in Barcelona. He is a research associate at the National Bureau of Economic Research and Chief Economic Advisor to the Centre for Global Competitiveness at the World Economic Forum in Davos, Switzerland. His research interests include Economic Growth and Development and Macroeconomics.
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