Reconciliation of National Income and Expenditure : Balanced Estimates of National Income for the United Kingdom, 1920-1990 (Studies in the National Income and Expenditure of the UK)

Sefton, James/ Weale, Martin

Cambridge University Press（2009/10発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 344 p.
• 言語 ENG
• 商品コード 9780521120074
• DDC分類 339.341

Full Description

This book was first published in 1995. The problem of disparities between different estimates of GDP is well known and widely discussed. Here, the authors describe a method for examining the discrepancies using a technique allocating them with reference to data reliability. The method enhances the reliability of the underlying data and leads to maximum-likelihood estimates. It is illustrated by application to the UK national accounts for the period 1920-1990. The book includes a full set of estimates for this period, including runs of industrial data for the period 1948-1990, which are longer than those available from any other source. The statistical technique allows estimates of standard errors of the data to be calculated and verified; these are presented both for data in levels and for changes in variables over 1-, 2- and 5-year periods.

Contents

Part I. The Theory of Data Reconciliation: 1. The reconciliation of national accounts; 2. Basic issues in data reconciliation; 3. Reconciliation without knowledge of data reliabilities; Part II. Application to UK National Accounts: 4. Patterns of autocorrelation; 5. The data and their reliability, 1920-48; 6. The data and their reliability, 1948-90; 7. Sectoral income/expenditure and capital accounts; 8. The results of the balancing exercise; Part III. Balanced National Accounts for the United Kingdom: 1920-1990; Bibliography; Index.