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Use, misuse and proper use of national accounts statistics

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  • Bos, Frits

Abstract

In this paper, the relevance of national accounts statistics and their underlying conceptual framework is investigated for their four roles: description and object of analysis, tool for analysis and forecasting, tool for communication and decision-making and input for alternative accounts budgetary rules and estimates. For each role, the merits and limitations of national accounts statistics are described and discussed. Proper use should be stimulated by improving education and marketing and by supplementing national accounts with information about their meaning and reliability.

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File URL: http://mpra.ub.uni-muenchen.de/2576/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2576.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:2576

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Keywords: National accounts; relevance and reliability; forecasting; economic and fiscal policy;

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  1. W. Erwin Diewert & Kevin J. Fox, 1999. "Can measurement error explain the productivity paradox?," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 251-280, April.
  2. Edward C. Prescott, 2006. "Nobel Lecture: The Transformation of Macroeconomic Policy and Research," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 203-235, April.
  3. Bos, Frits, 1997. "Value and Income in the National Accounts and Economic Theory," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(2), pages 173-90, June.
  4. Whelan, Karl, 2002. "A Guide to U.S. Chain Aggregated NIPA Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 217-33, June.
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Cited by:
  1. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
  2. Bos, Frits, 2008. "Uses of National Accounts; History, International Standardization and Applications in the Netherlands," MPRA Paper 9387, University Library of Munich, Germany.

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