IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v11y2016i4p85-90.html
   My bibliography  Save this article

Is The Size Of Government Underestimated? On The Treatment Of Market In Macroeconomic Statistics

Author

Listed:
  • Vaclav Rybacek

    (Jan Evangelista Purkyne University in Usti nad Labem, Czech Republic)

Abstract

Statistical measurement of government has become one of the main challenges for statisticians as the extent of government interventionism has been extending over last decades. Higgs has dealt with some aspects of how the size of government is commonly expressed (Higgs,1991; Higgs, 2015). Aim of this paper is to add some relevant facts of the methodological nature leading to the underestimation of government in official statistics. We consider this issue essential even though rather ignored in the mainstream literature. As it is illustrated in the text, the size of government tends to be underestimated in the macroeconomic statistics due a number of issues -the immeasurability of several interventions, lacking information and the inappropriate treatment of market mechanism in the currently methodology.

Suggested Citation

  • Vaclav Rybacek, 2016. "Is The Size Of Government Underestimated? On The Treatment Of Market In Macroeconomic Statistics," Romanian Economic Business Review, Romanian-American University, vol. 11(4), pages 85-90, december.
    • Handle: RePEc:rau:journl:v:11:y:2016:i:4:p:85-90
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI16/REBE-WI16-A10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Randall G. Holcombe, 2004. "National Income Accounting and Public Policy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 17(4), pages 387-405, December.
    2. Utz-Peter Reich, 2001. "National Accounts and Economic value," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-51290-0, December.
    Full references (including those not matched with items on IDEAS)

    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. Vaclav RYBACEK, 2017. "Measurement Of Market Mechanism, How Big Is Government?," Review of Social and Economic Issues, Romanian-American University, vol. 1(4), pages 74-81, march.
    2. Semieniuk, Gregor, 2024. "Inconsistent definitions of GDP: Implications for estimates of decoupling," Ecological Economics, Elsevier, vol. 215(C).
    3. Ms. Lucie Laliberté, 2004. "The Relationship Between Macroeconomic Statistics Guidelines and Accounting Standards," IMF Working Papers 2004/233, International Monetary Fund.
    4. François Facchini, 2007. "Entrepreneur et croissance économique : développements récents," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00270436, HAL.
    5. 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.
    6. Fabrizio Antolini, 2016. "The Evolution of National Accounting and New Statistical Information: Happiness and Gross Domestic Product, Can We Measure It?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(3), pages 1075-1092, December.
    7. Fabrizio Antolini & Biagio Simonetti, 2019. "The Easterlin Paradox in Italy, or the Paradox in Measuring? Define Happiness Before Investigating It," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 146(1), pages 263-285, November.
    8. Utz-Peter Reich, 2017. "Grundeinkommen und Verteilungsrechnung – eine Betrachtung aus makrostatistischer Perspektive," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer;Deutsche Statistische Gesellschaft - German Statistical Society, vol. 11(3), pages 157-176, December.
    9. repec:wvu:wpaper:09-06 is not listed on IDEAS
    10. Zdeněk Hrdlička & Jana Ištvánfyová & Leoš Vítek, 2010. "Systémy účetnictví a evidence daňových příjmů vládních institucí [The System of Accounting for Government Tax Revenues]," Politická ekonomie, Prague University of Economics and Business, vol. 2010(2), pages 253-270.
    11. Edmund Ayesu & John O. Olaomi, 2021. "The Relationship Between Fiscal Deficit and Current Account Deficit in the Case of the West African Monetary Zone: A Bivariate DSEM/RDSEM Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(7), pages 575-590, July.
    12. Wirkierman, Ariel Luis, 2022. "Productivity homogenisation trends of six advanced industrial economies: A vertically hyper-integrated approach," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 495-511.
    13. Utz-Peter Reich, 2008. "Additivity of Deflated Input-Output Tables in National Accounts," Economic Systems Research, Taylor & Francis Journals, vol. 20(4), pages 415-428.
    14. Utz-Peter Reich, 2010. "The National Accounts as a Tool for Analysis and Policy: In View of History, Economic Theory and Data Compilation Issues," Economic Systems Research, Taylor & Francis Journals, vol. 22(3), pages 301-303.
    15. Utz-Peter Reich, 2007. "Inequality in Exchange: The Use of a World Trade Flow Table for Analyzing the International Economy," Economic Systems Research, Taylor & Francis Journals, vol. 19(4), pages 375-395.
    16. Wirkierman, Ariel Luis, 2023. "Structural economic dynamics in actual industrial economies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 245-262.

    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:rau:journl:v:11:y:2016:i:4:p:85-90. 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: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/ferauro.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.