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Net versus gross national income and product

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  • Bos, Frits

Abstract

From a conceptual point of view, for most purposes net figures of Domestic Product and National Income are to be preferred to gross figures. Nevertheless, in practice gross figures are most often used on the ground of various arguments. In this paper, these arguments are challenged. To this end, attention is paid to the reliability of capital consumption estimates and the quantitative importance of employing net instead of gross figures. A sensitivity analysis is conducted for six OECD-countries (Netherlands, Germany, USA, Japan, UK and Sweden).

Suggested Citation

  • Bos, Frits, 1990. "Net versus gross national income and product," MPRA Paper 5950, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:5950
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    File URL: https://mpra.ub.uni-muenchen.de/5950/1/MPRA_paper_5950.pdf
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    References listed on IDEAS

    as
    1. Scott, Maurice, 1984. "Maintaining Capital Intact," Oxford Economic Papers, Oxford University Press, vol. 36(0), pages 59-73, Supplemen.
    2. Eisner, Robert, 1988. "Extended Accounts for National Income and Product," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1611-1684, December.
    3. Balke, Nathan S & Gordon, Robert J, 1989. "The Estimation of Prewar Gross National Product: Methodology and New Evidence," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 38-92, February.
    4. Maddison, Angus, 1987. "Growth and Slowdown in Advanced Capitalist Economies: Techniques of Quantitative Assessment," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 649-698, June.
    5. R. E. Moody, 1941. "A Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(3), pages 651-653.
    6. F. A. Lutz, 1961. "The Theory of Capital," International Economic Association Series, Palgrave Macmillan, number 978-1-349-08452-4 edited by D. C. Hague.
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    Cited by:

    1. 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.

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    More about this item

    Keywords

    measurement in economics; measurement bias; productivity; use of national accounts statistics; concepts of income;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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