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A Balanced System Of National Accounts For The United Kingdom

Author

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  • Terry Berker
  • Frederick van der Ploeg
  • Martin Weale

Abstract

This paper describes the construction of a disaggregated system of 262 national accounts for the U.K. economy in 1975. The objective is to remove the discrepancies between income, expenditure, production and financial estimates which occur in practice. This is done with the aid of a generalized least squares algorithm for adjusting national accounts with subjective estimates of reliability of the various account items. The balanced system of accounts provides the cross‐section data base needed for the estimation of a consistent multisectoral dynamic model of the U.K. economy and yields the classification converters and input‐output tables necessary for such a model.

Suggested Citation

  • Terry Berker & Frederick van der Ploeg & Martin Weale, 1984. "A Balanced System Of National Accounts For The United Kingdom," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(4), pages 461-485, December.
    • Handle: RePEc:bla:revinw:v:30:y:1984:i:4:p:461-485
    DOI: 10.1111/j.1475-4991.1984.tb00491.x
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    Cited by:

    1. ten Raa, Thijs & van der Ploeg, Rick, 1989. "A statistical approach to the problem of negatives in input-output analysis," Economic Modelling, Elsevier, vol. 6(1), pages 2-19, January.
    2. Christopher J. Green & Victor Murinde, 2003. "Flow of funds: implications for research on financial sector development and the real economy," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(8), pages 1015-1036.
    3. Ceder, G. & Dreyssé, H. & de Fontaine, D., 1993. "Triplet interactions and the c(2×2) overlayer phase diagram," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 193(1), pages 105-113.
    4. Philip D. Adams & Peter J. Higgs, 1990. "Calibration of Computable General Equilibrium Models from Synthetic Benchmark Equilibrium Data Sets," The Economic Record, The Economic Society of Australia, vol. 66(2), pages 110-126, June.
    5. Magnus, J.R. & Van Tongeren, J.W. & de Vos, A.F., 1999. "Macro accounts estimation using indicator ratios," Other publications TiSEM 6288557a-ba2b-4d15-96e3-e, Tilburg University, School of Economics and Management.

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