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National accounts: barometer, telescope and compass for the national economy

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  • Bos, Frits

Abstract

This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple measure of material welfare, but not a comprehensive measure of welfare.

Suggested Citation

  • Bos, Frits, 2011. "National accounts: barometer, telescope and compass for the national economy," MPRA Paper 29671, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29671
    as

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    File URL: https://mpra.ub.uni-muenchen.de/29671/1/MPRA_paper_29671.pdf
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    References listed on IDEAS

    as
    1. Frits Bos, 2006. "The development of the Dutch national accounts as a tool for analysis and policy," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 60(2), pages 225-258, May.
    2. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    GDP; welfare; measurement in economics; macro-economic statistics; fiscal policy; macro-economic policy; economic growth;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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