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Use, misuse and proper use of national accounts statistics

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  • Bos, Frits

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.

Suggested Citation

  • Bos, Frits, 2007. "Use, misuse and proper use of national accounts statistics," MPRA Paper 2576, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:2576
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    File URL: https://mpra.ub.uni-muenchen.de/2576/1/MPRA_paper_2576.pdf
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    References listed on IDEAS

    as
    1. Frits Bos, 1992. "Reasons For Preferring Net To Gross Figures Of Income And Product (And Vice Versa)," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 267-279, September.
    2. Whelan, Karl, 2002. "A Guide to U.S. Chain Aggregated NIPA Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 217-233, June.
    3. Bos, Frits, 1992. "Reasons for Preferring Net to Gross Figures of Income and Product (and Vice Versa)," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 267-279, September.
    4. J. Steven Landefeld & Stephanie H. McCulla, 2000. "Accounting For Nonmarket Household Production Within A National Accounts Framework," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(3), pages 289-307, September.
    5. Bos, Frits, 1993. "Standard national accounting concepts, economic theory and data compilation issues; on constancy and change in the UN-Manuals on national accounting (1947, 1953, 1968, 1993)," MPRA Paper 2656, University Library of Munich, Germany.
    6. Edward C. Prescott, 2006. "The Transformation of Macroeconomic Policy and Research," The American Economist, Sage Publications, vol. 50(1), pages 3-20, March.
    7. Bos, Frits, 1997. "Value and Income in the National Accounts and Economic Theory," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(2), pages 173-190, June.
    8. 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.
    9. Frits Bos, 1997. "Value And Income In The National Accounts And Economic Theory," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(2), pages 173-190, June.
    10. Karl Whelan, 2002. "A Guide To U.S. Chain Aggregated Nipa Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 217-233, June.
    11. Eisner, Robert, 1989. "Divergences of Measurement and Theory and Some Implications for Economic Policy," American Economic Review, American Economic Association, vol. 79(1), pages 1-13, March.
    12. 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.
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    Cited by:

    1. Frits Bos, 2007. "The Dutch fiscal framework; history, current practice and the role of the CPB," CPB Document 150, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Bos, Frits, 2008. "Uses of National Accounts; History, International Standardization and Applications in the Netherlands," MPRA Paper 9387, University Library of Munich, Germany.
    3. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.

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    More about this item

    Keywords

    National accounts; relevance and reliability; forecasting; economic and fiscal policy;
    All these keywords.

    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; Environmental Accounts

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