Reconciliation of National Income and Expenditure: Balanced Estimates of National Income for the United Kingdom, 1920-1990

Reconciliation of National Income and Expenditure: Balanced Estimates of National Income for the United Kingdom, 1920-1990

by James Sefton, Martin Weale
     
 

ISBN-10: 0521496357

ISBN-13: 9780521496353

Pub. Date: 04/28/2010

Publisher: Cambridge University Press

The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The book includes a full set of estimates for the UK national accounts for the period 1920-1990, including runs of industrial data

Overview

The problem of disparities among different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The book includes a full set of estimates for the UK national accounts for the period 1920-1990, including runs of industrial data for the period 1948-1990. The statistical technique allows estimates of standard errors of the data to be calculated and verified.

Product Details

ISBN-13:
9780521496353
Publisher:
Cambridge University Press
Publication date:
04/28/2010
Series:
Studies in the National Income and Expenditure of the UK Series , #7
Pages:
344
Product dimensions:
6.20(w) x 9.10(h) x 1.10(d)

Table of Contents

Part I. The Theory of Data Reconciliation: 1. The reconciliation of national accounts; 2. Basic issues in data reconciliation; 3. Reconciliation without knowledge of data reliabilities; Part II. Application to UK National Accounts: 4. Patterns of autocorrelation; 5. The data and their reliability, 1920–48; 6. The data and their reliability, 1948–90; 7. Sectoral income/expenditure and capital accounts; 8. The results of the balancing exercise; Part III. Balanced National Accounts for the United Kingdom: 1920–1990; Bibliography; Index.

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