IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

National accounts, wellbeing, and the performance of government

Listed author(s):
  • Joe Grice
Registered author(s):

    This article discusses the evolving ways in which the national accounts are, or could be, used to inform and assist in key areas of concern to governments and their citizens. It begins with a discussion of 'traditional' national accounts and the familiar uses that are made of them to gauge the level of economic activity and material wellbeing. It goes on to discuss how the disciplined and integrated stock/flow presentation of national accounts could be more fully exploited to assess such questions as the adequacy and sustainability of national and public investment and to inform better macroeconomic and macro-prudential polices. It describes extended usage of the national accounts to assess government's own direct contribution to the generation of value, in the form of public services. In the same vein, distributionally adjusted national accounts could be used to provide evidence not just about the material prosperity of a society in aggregate but about trends in material wellbeing across the income distribution. There is clearly no reason why these trends should all be the same. Finally, it goes on to discuss the currently topical (deservedly) measurement of national wellbeing. This raises a number of new issues, many of which are warmly debated and not, at present, fully resolved. Copyright 2011, Oxford University Press.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

    Volume (Year): 27 (2011)
    Issue (Month): 4 ()
    Pages: 620-633

    in new window

    Handle: RePEc:oup:oxford:v:27:y:2011:i:4:p:620-633
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:27:y:2011:i:4:p:620-633. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)

    or (Christopher F. Baum)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.