While alargebodyofaccountingresearchprovidesevidenceontheinformationalroleofaccountingdataatthefirm
level (see,e.g., Beaver(1998)andKothari(2001) for reviewsofrelatedliterature),thelinkbetweenaccountingearningsand
the macroeconomyremainsrelativelyunexplored.Thisstudyinvestigatestheinformativenessofaccountingearningsfor
growthinGrossDomesticProduct(GDP).