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Use, misuse and proper use of national accounts statistics

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Author Info
Bos, Frits

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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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Publisher 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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Related research
Keywords: National accounts relevance and reliability forecasting economic and fiscal policy

Find related papers by JEL classification:
H00 - Public Economics - - General - - - General
C0 - Mathematical and Quantitative Methods - - General
E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  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. [Downloadable!] (restricted)
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  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. [Downloadable!] (restricted)
  3. Whelan, Karl, 2002. "A Guide to U.S. Chain Aggregated NIPA Data," Review of Income and Wealth, Blackwell Publishing, vol. 48(2), pages 217-33, June. [Downloadable!] (restricted)
  4. Bos, Frits, 1997. "Value and Income in the National Accounts and Economic Theory," Review of Income and Wealth, Blackwell Publishing, vol. 43(2), pages 173-90, June.
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