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Without national accounts statistics, citizens,
politicians, entrepreneurs and economists would be
blind for the size, composition and developments in
national economies. National accounts statistics are
the barometer for monitoring and comparing
economies, the telescope for analyzing and
forecasting economies and the compass for steering
economies. National accounts statistics are a
miracle come true and one of the greatest inventions
of economic science. However, how relevant and
reliable are national accounts statistics as a
compass for policy? What is the trick behind this
miracle? Why does the national accounts not measure
welfare and does GDP ignore pollution, depletion of
natural resources, unpaid household services and
inequality? What is the role of the international
guidelines? This book gives an answer to these
important questions. It provides a unique overview
of the merits and limitations of the national
accounts as a tool for analysis and policy.
Attention is paid to the three centuries old history
of the national accounts and the links with economic
theory and practical data compilation issues.
politicians, entrepreneurs and economists would be
blind for the size, composition and developments in
national economies. National accounts statistics are
the barometer for monitoring and comparing
economies, the telescope for analyzing and
forecasting economies and the compass for steering
economies. National accounts statistics are a
miracle come true and one of the greatest inventions
of economic science. However, how relevant and
reliable are national accounts statistics as a
compass for policy? What is the trick behind this
miracle? Why does the national accounts not measure
welfare and does GDP ignore pollution, depletion of
natural resources, unpaid household services and
inequality? What is the role of the international
guidelines? This book gives an answer to these
important questions. It provides a unique overview
of the merits and limitations of the national
accounts as a tool for analysis and policy.
Attention is paid to the three centuries old history
of the national accounts and the links with economic
theory and practical data compilation issues.