Abstract
As an analytical framework from the stock perspective, the national balance sheet has a very important theoretical and practical significance for the study of economic growth, financial structure, distribution of wealth, development mode and sustainability (Carlson, 1991).
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Notes
- 1.
If the price changes are excluded, the growth rate of the real value was about 3–3.4%.
- 2.
Calculated based on the narrow scope, the growth rate will be slightly smaller, i.e. from 7.4 times to 8.0 times.
- 3.
Carlson (1991) found according to the analytical framework of Goldsmith and the relevant data of the Fed that the relevant interrelation ratio of the United States was lower than 1.3 in 1948, dropped to about 1.15 after several fluctuations in the mid 1970s. But later it rose continuously to nearly 1.5 in 1990.
- 4.
In the data of the Fed, this item is numbered C.9 release.
- 5.
Among them, the former category mainly refers to mid- and large-size enterprises and the latter mainly refers to small-sized enterprises.
- 6.
In the “Land” item, the share of the central government, local governments and the social security funds was 20, 79 and 1% respectively.
- 7.
It should be noted that the balance sheets in the Canadian statistical system are expressed in three methods: first, the total (all sectors) is the total assets and liabilities of all domestic sectors and foreign sectors. In such case, the financial assets and financial liabilities stay balanced by definition; second, the national balance sheet lists the total assets and liabilities of all domestic sectors. In such as case, the difference between financial assets and financial liabilities is the net external claim or debt of Canada; third, the consolidated national balance sheet is the statement listing national net assets, including the difference between domestic financial assets and financial liabilities and non-financial assets (see Statistics Canada 2010). Unless otherwise stated, in this study, we are discussing the expression second, namely the national balance sheet.
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© 2017 China Social Sciences Press and Springer Science+Business Media Singapore
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Zhang, X., Li, Y. (2017). A International Comparative Study of Balance Sheet. In: China's National Balance Sheet. China Insights. Springer, Singapore. https://doi.org/10.1007/978-981-10-4385-7_18
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DOI: https://doi.org/10.1007/978-981-10-4385-7_18
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