IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/5955.html
   My bibliography  Save this paper

Economic theory and national accounting

Author

Listed:
  • Bos, Frits

Abstract

This paper describes the relationship between economic theory and national accounting. This relationship is often misunderstood, by economic theorists and national accountants alike. Attention is drawn to the consistency required in a national accounting system, to national accounts statistics as a transformation of primary data and to the fundamentally different valuation principles employed in economic theory and national accounting (foreward looking, analytic and general, versus backward looking, descriptive and well-specified).

Suggested Citation

  • Bos, Frits, 1995. "Economic theory and national accounting," MPRA Paper 5955, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:5955
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/5955/1/MPRA_paper_5955.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Reich, Utz-Peter, 1991. "Concept and Definition of Income in the National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(3), pages 235-247, September.
    2. Ruggles, Richard, 1990. "A Note on the Revision of the United Nations System of National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 36(4), pages 413-419, December.
    3. Faulhaber, Gerald R & Baumol, William J, 1988. "Economists as Innovators: Practical Products of Theoretical Research," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 577-600, June.
    4. Bos, Frits & Hollanders, Hugo & Keuning, Steven J, 1994. "A Research and Development Module Supplementing the National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(3), pages 273-286, September.
    5. Utz‐Peter Reich, 1991. "Concept And Definition Of Income In The National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(3), pages 235-247, September.
    6. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    7. 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.
    8. Eisner, Robert, 1988. "Extended Accounts for National Income and Product," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1611-1684, December.
    9. Josef Richter, 1994. "Use And Misuse Of National Accounts From A Modeling Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(1), pages 99-110, March.
    10. Bos, Frits, 1989. "A systems view on concepts of income in the national accounts," MPRA Paper 5949, University Library of Munich, Germany.
    11. Frits Bos & Hugo Hollanders & Steven J. Keuning, 1994. "A Research And Development Module Supplementing The National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(3), pages 273-286, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bos, Frits, 2013. "Meaning and measurement of national accounts statistics," MPRA Paper 44970, University Library of Munich, Germany.
    2. Bos, Frits, 1996. "The future of the national accounts," MPRA Paper 5956, University Library of Munich, Germany.
    3. Yücel Candemir, 2016. "Dördüncü Sanayi Devrimi, Küreselleşme ve Ulusal Gelir Muhasebesi," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 5(2), pages 1-34, May.
    4. Jacob Assa & Ingrid H. Kvangraven, 2018. "Imputing Away the Ladder: Implications of Changes in National Accounting Standards for Assessing Inter-country Inequalities," Working Papers 1813, New School for Social Research, Department of Economics.
    5. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    3. Bos, Frits, 2011. "Three centuries of macro-economic statistics," MPRA Paper 35391, University Library of Munich, Germany.
    4. Bos, Frits, 2008. "Uses of National Accounts; History, International Standardization and Applications in the Netherlands," MPRA Paper 9387, University Library of Munich, Germany.
    5. Bos, Frits, 2011. "A national accounts satellite for human capital and education," MPRA Paper 33791, University Library of Munich, Germany.
    6. Bos, Frits, 1996. "The future of the national accounts," MPRA Paper 5956, University Library of Munich, Germany.
    7. Ezequiel Uriel & Javier Ferri & Maria Luisa Molto, 2005. "Estimation of an Extended SAM with household production for Spain 1995," Economic Systems Research, Taylor & Francis Journals, vol. 17(3), pages 255-278.
    8. Webster, Elizabeth, 2000. "The growth of enterprise intangible investment in Australia," Information Economics and Policy, Elsevier, vol. 12(1), pages 1-25, March.
    9. Stefan Kooths & Matthias Rieger, 2008. "Caught in the US Subprime Meltdown 2007/2008: Germany Loses Its Wallet but Escapes Major Harm," Discussion Papers of DIW Berlin 825, DIW Berlin, German Institute for Economic Research.
    10. Pratt, James E., 2009. "The Regional Economic Value of Nonmarket Household Production Time: Combining an I-O Framework with Time Use Date," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(1), pages 1-13.
    11. Leandro Conte & Giuseppe Della Torre & Michelangelo Vasta, 2007. "The Human Development Index in Historical Perspective: Italy from Political Unification to the Present Day," Department of Economics University of Siena 491, Department of Economics, University of Siena.
    12. Young, Carlos Eduardo Frickmann & da Motta, Ronaldo Seroa, 1995. "Measuring sustainable income from mineral extraction in Brazil," Resources Policy, Elsevier, vol. 21(2), pages 113-125, June.
    13. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    14. Josh Lerner, 2002. "Where Does State Street Lead? A First Look at Finance Patents, 1971 to 2000," Journal of Finance, American Finance Association, vol. 57(2), pages 901-930, April.
    15. Bieri, David S. & Kuminoff, Nicolai V. & Pope, Jaren C., 2023. "National expenditures on local amenities," Journal of Environmental Economics and Management, Elsevier, vol. 117(C).
    16. Lorenzo Rocco, 2002. "Pricing of an Endogenous Peak-Load," Working Papers 54, University of Milano-Bicocca, Department of Economics, revised Aug 2002.
    17. Charles R. Hulten & Paul Schreyer, 2010. "GDP, Technical Change, and the Measurement of Net Income: the Weitzman Model Revisited," NBER Working Papers 16010, National Bureau of Economic Research, Inc.
    18. Pietro Garibaldi & Etienne Wasmer, 2005. "Equilibrium Search Unemployment, Endogenous Participation, And Labor Market Flows," Journal of the European Economic Association, MIT Press, vol. 3(4), pages 851-882, June.
    19. Beça, Pedro & Santos, Rui, 2010. "Measuring sustainable welfare: A new approach to the ISEW," Ecological Economics, Elsevier, vol. 69(4), pages 810-819, February.
    20. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.

    More about this item

    Keywords

    Measurement in economics; national accounts; economic theory; valuation;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:5955. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.