Utilization of Benford’s Law by Testing Government Macroeconomics Data
This article builds on research published in the article "Fact and Fiction in EU Govermnental Economics Data" (Rauch, Göttsche, Brähler, 2011). By exploring the possibilities of applying Benford´s Law as a useful instrument for detecting data manipulation, this instrument is applied to the Czech Republic, especially on monthly data of exports and imports for the period 1996-2012, which make up the trade balance. We use the Z test as the test criterion and the first and second digits are tested.
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