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Resurrecting The U.K. Historic Sector National Accounts

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  • Bill Martin

Abstract

The U.K. national accounts no longer provide a full set of sector income and expenditure data before 1987, a weakness that seriously impedes macroeconomic research. Using a strict accounting framework to combine the best quality official data taken from alternative sources, I show that a historic sector dataset can be resurrected, albeit at a high level of sector aggregation. Particular attention is paid to transfer incomes and associated inter‐sector flows. Household saving and corporate retentions data are also derived. Benefits of the historic dataset are described and implications drawn for research and data management.

Suggested Citation

  • Bill Martin, 2009. "Resurrecting The U.K. Historic Sector National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 737-751, September.
    • Handle: RePEc:bla:revinw:v:55:y:2009:i:3:p:737-751
    DOI: 10.1111/j.1475-4991.2009.00342.x
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    References listed on IDEAS

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    5. Bill Martin, 2007. "Resurrecting the UK Historic Sector National Accounts," Working Papers wp356, Centre for Business Research, University of Cambridge.
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    7. Feldstein, Martin S., 1973. "Tax incentives, corporate saving, and capital accumulation in the United States," Journal of Public Economics, Elsevier, vol. 2(2), pages 159-171, April.
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    Cited by:

    1. Lu, Saite & Coutts, Ken & Gudgin, Graham, 2024. "Energy shocks and inflation episodes in the UK," Energy Economics, Elsevier, vol. 129(C).
    2. Bill Martin, 2020. "Resurrecting the UK Corporate Sector Accounts," Working Papers wp519, Centre for Business Research, University of Cambridge.
    3. Bill Martin, 2025. "How Not to Backcast Time Series Data, Or Why Britain’s Post-War National Accounts Could Still Lead You Astray," Working Papers wp543, Centre for Business Research, University of Cambridge.

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