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First calculations of the total output of Latvia and Lithuania in the 1920s: a comparison

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  • Zenonas Norkus

Abstract

The contemporary system of national accounts (SNA) framework is used to compare the methodologies and to adjust the findings to allow for cross-country comparisons of the very first calculations of the total economic output of Lithuania in 1924 by Albinas Rimka (1886–1944) and of Latvia in 1925 by Alfrēds Ceihners (1899–1987). Ceihners’ notion of national income corresponds to the SNA concept of gross national income (GNI), while Rimka measured net national income (NNI). Rimka’s estimate has a downward bias, because he applied a fixed capital depreciation rate that was too high and did not include the value of noncommercial public sector services.

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  • Zenonas Norkus, 2018. "First calculations of the total output of Latvia and Lithuania in the 1920s: a comparison," Journal of Baltic Studies, Taylor & Francis Journals, vol. 49(2), pages 241-261, April.
    • Handle: RePEc:taf:rbalxx:v:49:y:2018:i:2:p:241-261
    DOI: 10.1080/01629778.2016.1266503
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    Cited by:

    1. Zenonas Norkus & Jurgita Markevičiūtė, 2021. "New estimation of the gross domestic product in Baltic countries in 1913–1938," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 15(3), pages 565-674, September.

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