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Resurrecting the UK Historic Sector National Accounts

Author

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  • Bill Martin

Abstract

The UK national accounts do not provide a full long-run set of historic data describing the behaviour of the UK's private sector. Although comprehensive figures are available from 1987, the pre-1987 historic sector national accounts are marred by discontinuities, gaps and error. A partial solution is described that enables the compilation of consistent historic figures for sectors' income and expenditure flows, albeit at a high level of sector aggregation. Particular attention is paid to transfer incomes and associated inter-sector flows. To our knowledge, our dataset is the only one freely available that provides a basis, albeit an incomplete one, for a serious examination of Britain's post-war macroeconomic history. Coherent financial flow, balance sheet and volume data and further sector disaggregation are required to complete the picture. An annual dataset is provided as a supplement to the article

Suggested Citation

  • Bill Martin, 2007. "Resurrecting the UK Historic Sector National Accounts," Working Papers wp356, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp356
    Note: PRO-1
    as

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    File URL: https://www.jbs.cam.ac.uk/cbrwp356/
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    Cited by:

    1. Bill Martin, 2019. "Resurrecting the UK Sector National Accounts after 1945," Working Papers wp514, Centre for Business Research, University of Cambridge.
    2. 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.

    More about this item

    Keywords

    UK national accounts; European System of Accounts; data corruption; private sector; Statistics Commission;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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