Economic theory and national accounting

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Economic theory and national accounting

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Bos, Frits

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Frits Bos

Abstract

This paper describes the relationship between economic theory and national accounting. This relationship is often misunderstood, by economic theorists and national accountants alike. Attention is drawn to the consistency required in a national accounting system, to national accounts statistics as a transformation of primary data and to the fundamentally different valuation principles employed in economic theory and national accounting (foreward looking, analytic and general, versus backward looking, descriptive and well-specified).

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5955.

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Date of creation: 1995
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Handle: RePEc:pra:mprapa:5955

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Find related papers by JEL classification:
E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

References listed on IDEAS
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Faulhaber, Gerald R & Baumol, William J, 1988. "Economists as Innovators: Practical Products of Theoretical Research," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 577-600, June. [Downloadable!] (restricted)
Reich, Utz-Peter, 1991. "Concept and Definition of Income in the National Accounts," Review of Income and Wealth, Blackwell Publishing, vol. 37(3), pages 235-47, September.
Bos, Frits & Hollanders, Hugo & Keuning, Steven J, 1994. "A Research and Development Module Supplementing the National Accounts," Review of Income and Wealth, Blackwell Publishing, vol. 40(3), pages 273-86, September.
Other versions:
- Bos, Frits & Hollanders, Hugo & Keuning, Steven, 1992. "A Research and Development Module supplementing the national accounts," MPRA Paper 5953, University Library of Munich, Germany. [Downloadable!]
Ruggles, Richard, 1990. "A Note on the Revision of the United Nations System of National Accounts," Review of Income and Wealth, Blackwell Publishing, vol. 36(4), pages 413-19, December.
Eisner, Robert, 1988. "Extended Accounts for National Income and Product," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1611-84, December. [Downloadable!] (restricted)
Bos, Frits, 1989. "A systems view on concepts of income in the national accounts," MPRA Paper 5949, University Library of Munich, Germany. [Downloadable!]

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