The New System Of National Accounts
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National income estimates date back to the late 17th century, but only in the half-century since the Second World War have economic accounts developed in their present form, becoming an indispensable tool for macroeconomic analysis, projections and policy formulation. Furthermore, it was in this period that the United Nations issued several versions of a system of national accounts (SNA) to make possible economic comparisons on a consistent basis. The latest version, SNA 1993, published in early 1994, occasioned this collection of essays and commentaries. The three chief objectives of the volume are: to enhance understanding of socioeconomic accounts generally and of SNA 1993 in particular; to offer a critique of SNA 1993, including constructive suggestions for future revisions of the system, making it even more useful for its national and international purposes; and to serve as a textbook, or book of readings in conjunction with SNA 1993, for courses in economic accounts. Booknews National economic accounts have been developed since World War II into an indispensable tool for macro-economic analysis, projections, and policy formulation. Economists examine the system and especially the 1993 United Nations update of standards to allow consistent comparisons between countries. They also critique the new version and make suggestions for making future revisions more useful for its national and international purposes. Among the dimensions they look at are the expansion of boundaries and satellite accounts; household sector income, consumption, and wealth; financial intermediaries; price and volume measures; transition economics; and the reliability and accuracy of quarterly estimates of gross national product. The collection can serve as a textbook or readings for courses in economic accounts. Annotation c. by Book News, Inc., Portland, Or.
Contributing AuthorsAcknowledgments1Introduction and Overview12Design of Economic Accounts and the 1993 System of National Accounts253Expansion of Boundaries and Satellite Accounts914Household Sector Income, Consumption, and Wealth1215Capital and Wealth in the Revised SNA1496Government in the 1993 System of National Accounts1917Financial Intermediaries and Financial Accounts2198Price and Volume Measures in the System of National Accounts2379Adaptation of the Revised SNA for Developing Economies29910Adaptation of the SNA for Transition Economies31711External Sector Transactions: Toward a World Accounting Matrix34312The United Nations System of National Accounts and the Integration of Micro and Macro Data38713Reliability and Accuracy of Quarterly GDP Estimates: A Review423Author Index457Subject Index463
