A Powerful Link Between Economic Theory and Practice: National Accounting

Keuning, Steven

doi:10.1111/j.1475-4991.1998.tb00291.x

Cited by 8 publications

(4 citation statements)

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“…In everyday life, it is common to observe that debates about values, facts and economic policies are hopelessly intermingled. However, the hypothesis underlying this paper is that democratic discourse is likely to be more productive 5 Keuning (1998) reviews the contributions of Dawson (1996) and Kendrick (1996) and the most recent (United Nations, 1993) revisions to the SNA. if issues of values, fact and analysis can be separated as much as possible.…”

Section: Introductionmentioning

confidence: 99%

An Index of Economic Well–Being for Selected OECD Countries

Osberg¹,

Sharpe²

2002

Review of Income and Wealth

198

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Per capita gross domestic product (GDP) is a poor indicator of economic well–being. It measures effective consumption poorly (ignoring the value of leisure and of longer life spans) and it also ignores the value of accumulation for the benefit of future generations. Since incomes are uncertain and unequally distributed, the average also does not indicate the likelihood that any particular individual will share in prosperity or the degree of anxiety and insecurity with which individuals contemplate their futures. We argue that a better index of economic well–being should consider: current effective per capita consumption flows; net societal accumulation of stocks of productive resources; income distribution; and economic security. The paper develops such an index of economic well–being for the U.S., U.K., Canada, Australia, Norway and Sweden for the period 1980 to 1999. It compares trends in economic well–being to trends in GDP per person. In every case, growth in economic well–being was less than growth in GDP per capita, although to different degrees in different countries.

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Section: Introductionmentioning

confidence: 99%

An Index of Economic Well–Being for Selected OECD Countries

Osberg¹,

Sharpe²

2002

Review of Income and Wealth

198

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“…2. Keunig (1998) reviewed the contributions of Dawson (1996) and Kendrick (1996) and the most recent revisions to the SNA (UN 1993).…”

Section: Moving From Research To Policymentioning

confidence: 99%

Changing Trends in Economic Well-being in OECD Countries: What Measure Is Most Relevant for Health?

Osberg¹,

Sharpe²

2006

Healthier Societies

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The connection between health and economic well-being has become a growing area of research, and there has been much debate about how best to measure "health." In this discussion we look at the other side of the issue-how best to measure economic well-being-to better understand the relationship between economic well-being and health. The most commonly used measure of economic well-being at the national level has been average money incomes-specifically, per capita gross domestic product (GDP). However, this measure is blind to many things that people clearly care about. Money income from market transactions omits consideration of the goods and services produced outside the market, as well as any changes in life span and in leisure. In general, economic well-being also depends on the size of the bequest this generation will leave for the benefit of future generations, which current money incomes do not reveal. Average money income also does not indicate how unequally incomes are distributed and, therefore, does not indicate how likely it is that any particular individual will share in average prosperity. Finally, average money incomes do not reflect the degree of anxiety and insecurity with which individuals contemplate their own futures. We therefore argue that a better index of a society's economic well-being should be composed of four components: • current effective per capita consumption flows • net societal accumulation of stocks of productive resources • income distribution • economic security Name /oxc05/26940_u11 06/27/05 11:59AM Plate # 0-Composite pg 297 # 2 Trends in Economic Well-being in OECD Countries 297 Ϫ1 0 ϩ1 In this chapter we develop such an index of economic well-being for selected Organization for Economic Cooperation and Development (OECD) countries for the period 1980-1999 and compare trends in economic well-being to trends in GDP per person. Estimates of the overall index and the subcomponents are presented for 1980 through 1999 for the United States, the United Kingdom, Canada, Australia, Norway, and Sweden. In every case, growth in economic well-being proved less than growth in GDP per capita, although to different degrees in different countries. We conclude with a discussion of why the connection between health and trends in economic well-being might be stronger than the relationship between health and GDP per person.

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“…V zahraniční literatuře souhrnně k této problematice lze použít např. Lequiller, Blades (2006), Keuning (2005), Reich (2001), Slater a Martin (1998) nebo Kendrick (1996), vazbou GFS 1986 na ESA 95 se zabýval Bjorgvinsson (2004). K vazbě národních účtů na vládní statistiku publikovali Keuning a Tongeren (2004).…”

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The System of Accounting for Government Tax Revenues

Hrdlička¹,

Ištvánfyová²,

Vítek³

2010

Politicka ekonomie

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Pro kvalifi kované řízení veřejných fi nancí, zásahy vládních institucí do ekonomiky a vyhodnocování účinnosti hospodářské politiky instituce vládního sektoru potřebují získávat kvalitní údaje o vývoji veřejných příjmů a výdajů. Vládní systémy účetnic-tví, které tyto údaje přinášejí, jsou v Evropě i v ostatních vyspělých zemích založeny na Systému národních účtů (SNA 93), který byl zveřejněn v roce 1993 (OSN, 1993). Existuje i druhá možností evidence příjmů a výdajů, kterou je hotovostní výkaznic-tví. Teoreticky sice lze pro vládní výkaznictví veřejných příjmů z časového hlediska rozlišovat mezi hotovostním a akruálním principem, v praxi se však často oba systémy prolínají.1 Systém SNA 93 v bodě 3.93 navíc umožňuje i časovou metodu zachycení daňových příjmů v posledním okamžiku, kdy ještě nejsou uvaleny sankční platby za nezaplacení daně. Rozdíl mezi zachycenými příjmy a výdaji za dané období udává hotovostní nebo akruální saldo veřejných rozpočtů, které je jedním z klíčových ukazatelů pro hodnocení vládní fi skální politiky. Ve velmi dlouhém období se hotovostní a akruální daňové příjmy budou rovnat, krátkodobě však v růstových fázích a infl ač-ních periodách budou pravděpodobně akruální daňové příjmy větší než hotovostní.

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A Powerful Link Between Economic Theory and Practice: National Accounting

Cited by 8 publications

References 1 publication

An Index of Economic Well–Being for Selected OECD Countries

An Index of Economic Well–Being for Selected OECD Countries

Changing Trends in Economic Well-being in OECD Countries: What Measure Is Most Relevant for Health?

The System of Accounting for Government Tax Revenues

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