The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

National Accounting, History Of

  • André Vanoli
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2412

Abstract

With antecedents as far back as the late 17th century, national accounting is a product of the Great Depression, the Second World War and the subsequent period of recovery and economic growth. Soon after the war, country experiences and international harmonization processes interacted, eventually leading to a complete accounting framework with the 1993 SNA/ESA 1995. Until the mid-1970s, national accounting experienced a kind of golden age, after which greater difficulties arose, in terms of the increased complexity of economic life, widened social concerns and theoretical challenges. In that context, impressive achievements and a sense of frustration have coexisted.

Keywords

Aggregates Aukrust, O Balance sheets Basic prices Boisguilbert, P Brown, A Clark, C. G Computable general equilibrium models Copeland, M.A Denison, E Domestic product Economic and Monetary Union European System of Accounts Factor cost valuation Fair value valuation Fisher, I Frisch, R. A. K Gilbert, M Goldsmith R Gordon, R Great Depression Grüning, F Gruson, C Hicks, J. R Historical cost valuation Income Indicative planning Input–output analysis International Monetary Fund Kampmann, V Keynes, J. M King, G Kravis, I Kuznets, S Leontief, W Lindahl, E. R Maastricht criteria Market price valuation Marx, K Material Product System Mesoeconomic level National accounting National accounts statistics National income Ohlsson, I Petty, W Popov, P. I Purchasing power parities Quesnay, F Ruggles, N Ruggles, R Satellite accounts Smith, A Social accounting matrices Social accounting, Stone, J. R. N Structural change Sustainability System of Balances of the National Economy System of National Accounts Tableau économique Tinbergen, J Value added Van Cleeff, E Vauban, S Vincent, A Walras, L Warburton, C Wealth Welfare indicators 

JEL Classifications

B2 
This is a preview of subscription content, log in to check access.

Bibliography

  1. Aukrust, O. 1994. The Scandinavian contribution to national accounting. In The accounts of nations, ed. Z. Kenessey. Amsterdam: IOS Press.Google Scholar
  2. Boskin, M.J., E.R. Dulberger, and Z. Griliches. 1996. Toward a more accurate measure of the cost of living. Final report to the senate finance committee from the advisory commission to study the consumer price index. Washington, DC: Government Printing Office.Google Scholar
  3. Carson, C.S. 1975. The history of the United States national income and product accounts: the development of an analytical tool. Review of Income and Wealth 21: 153–181.CrossRefGoogle Scholar
  4. Clark, C. 1937. National income and outlay. London: Macmillan.Google Scholar
  5. Clark, C. 1940. The conditions of economic progress. London: Macmillan.Google Scholar
  6. Commission of the European Communities, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, World Bank. 1993. System of national accounts 1993. Brussels/Luxembourg/New York/Paris/Washington, DC: Commission of the European Communities/United Nations/Organisation for Economic Co-operation and Development/World Bank.Google Scholar
  7. Deane, P. 1955. The implications of early national income estimates for the measurement of long term economic growth in the United Kingdom. Economic Development and Cultural Change 4: 3–38.CrossRefGoogle Scholar
  8. Eurostat. 1996. European system of accounts ESA 1995. Luxembourg: Eurostat.Google Scholar
  9. Gilbert, M., and I.B. Kravis. 1954. An international comparison of national products and the purchasing power of currencies. Paris: OEEC.Google Scholar
  10. Grüning, F. 1933. Der Wirtschaftskreislauf. München: Beck.Google Scholar
  11. Hill, T.P. 1972. A system of integrated price and volume measures (Indices). Luxembourg: Statistical Office of the European Communities.Google Scholar
  12. Kenessey, Z. (ed.). 1994. The accounts of nations. Amsterdam: IOS Press.Google Scholar
  13. Kuznets, S. 1934. National income 19291932. US Senate Document No. 124, 73rd Congress, 2nd session. Washington, DC: Government Printing Office.Google Scholar
  14. Kuznets, S. 1942. U.S. War Production Board, Planning Committee Document No. 151. A memorandum to the Planning Committee from Simon Kuznets on ‘Analysis of the Production program’, dated 12 August.Google Scholar
  15. Leontief, W. 1941. The structure of the American economy 1919–1929: An empirical application of equilibrium analysis. Cambridge, MA: Harvard University Press.Google Scholar
  16. Lindahl, E., E. Dahlgren, and K. Koch. 1937. National income in Sweden 1861–1930. London: P.S. King.Google Scholar
  17. Meade, J., and R. Stone. 1941. The construction of tables of national income, expenditure, savings and investment. Economic Journal 51: 216–233.CrossRefGoogle Scholar
  18. Mitchell, W.C., W.I King, F.R. Macaulay, and O.W. Knauth. 1921–1922. Income in the United States: Its amount and distribution, 19091919, Parts I and II. New York: NBER.Google Scholar
  19. Nordhaus, W., and J. Tobin. 1973. Is growth obsolete? In The measurement of economic and social performance, ed. M. Moss. New-York: Columbia University Press for NBER.Google Scholar
  20. OEEC (Organisation for European Economic Co-operation). 1950. A simplified system of national accounts. Paris: OEEC.Google Scholar
  21. OEEC (Organisation for European Economic Co-operation). 1952. A standardised system of national accounts. Paris: OEEC.Google Scholar
  22. Popov, P.I., ed. 1926. Balans narodnogo khoziaistva Soyuza SSSR 19231924 goda. Moskva: Trudi Tsentralnogo Statisticheskogo Upravlenia, Tom XXIX.Google Scholar
  23. Ruggles, R., and N.D. Ruggles. 1986. The integration of macro and micro data for the household sector. Review of Income and Wealth 32: 245–276.CrossRefGoogle Scholar
  24. Statistical Office of the European Communities. 1970. European system of integrated economic accounts (ESA). Luxembourg: OSCE.Google Scholar
  25. Stone, R. 1947. Definition and measurement of the national income and related totals. Appendix to Measurement of national income and the construction of social accounts. Geneva: United Nations.Google Scholar
  26. Stone, R. 1956. Quantity and price indexes in national accounts. Paris: OEEC.Google Scholar
  27. Stone, R. 1986. Nobel memorial lecture 1984: the accounts of society. Journal of Applied Econometrics 1: 5–28.CrossRefGoogle Scholar
  28. Studenski, P. 1958. The income of nations. New York: New York University Press.Google Scholar
  29. UK Treasury. 1941. An analysis of the sources of war finance and an estimate of the national income and expenditure in 1938 and 1940. Cmd. 6261. London: HMSO.Google Scholar
  30. United Nations. 1952. A system of national accounts and supporting tables. New York: United Nations.Google Scholar
  31. United Nations. 1968. A system of national accounts. Studies in methods series F n° 2 Rev. 3. New-York: United Nations.Google Scholar
  32. United Nations. 1971. Basic principles of the system of balances of the national economy. New York: United Nations.Google Scholar
  33. United Nations. 1979. Manual on national accounts at constant prices. New York: United Nations.Google Scholar
  34. United Nations. 1993. Integrated environmental and economic accounting. Interim version. New York: United Nations.Google Scholar
  35. US Senate. 1932. S. Res. 220, 72nd Cong., 1st sess., Congressional record 75, 12285.Google Scholar
  36. Vanoli, A. 2005. A history of national accounting. Amsterdam: IOS Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • André Vanoli
    • 1
  1. 1.