Compiling the national accounts demystified
This paper unveils the mystery of national accounts statistics. National accounts statistics are not facts. They are estimates of a universal accounting model (SNA93) for describing, analyzing and managing national economies. The operational versions of the universal model decide what is actually estimated. They are estimated by expanding and transforming the available data with accounting identities, tested and untested assumptions and previous estimates. The estimates reflect skills, resources and compilation policy. The resulting differences in the reliability of the national accounts statistics are to a great extent the price to be paid for a miracle come true: all over the world, very incomplete, imperfect, heterogeneous and partly outdated data are to be transformed into complete, consistent, internationally standardized and up-to-date overviews of the national economies and their major components. Nevertheless, compiling the national accounts can be improved in various ways, but this requires an international long-term strategy.
|Date of creation:||2007|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Novak, George J, 1975. "Reliability Criteria for National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 21(3), pages 323-44, September.
- 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 267-79, September.
- Magnus, Jan R & van Tongeren, Jan W & de Vos, Aart F, 2000. "National Accounts Estimation Using Indicator Ratios," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(3), pages 329-50, September.
- Maki, Atsushi & Nishiyama, Shigeru, 1993. "Consistency between Macro- and Micro-data Sets in the Japanese Household Sector," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(2), pages 195-207, June.
- van Bergeijk, Peter A G, 1995. "The Accuracy of International Economic Observations," Bulletin of Economic Research, Wiley Blackwell, vol. 47(1), pages 1-20, January.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:3736. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.