The Contemporary Standards of National Accounts - Applicability and Limitations in Economic Growth and Productivity Studies

• Autorzy: Kamil Makieła
• Języki publikacji: EN

Abstrakty

EN

The purpose of this article is to survey the contemporary standards of modern national accounts, and to assess their applicability in tracing differences in economic growth across countries. In order to perform a growth accounting study one requires good quality and mutually comparable information about the three main macroeconomic indicators: i) production output, ii) capital input and iii) labour input. Thus, the author outlines the sources and reasons behind the creation of such statistics as well as the national accounts standards they comply with. Each of the above indicators is discussed in respect of these standards, limitations in applying and availability in international databases. The study also provides insights into the current stage of development of the System of National Accounts and how different measurement standards can augment inference on economic growth. (original abstract)

Celem niniejszej pracy jest analiza współczesnych standardów dla rachunków księgowych budżetów państw oraz ich ocena pod katem przydatności w pomiarze różnic we wzroście gospodarczym pomiędzy krajami. Badania typu growth accounting wymagają wysokiej jakości, porównywalnych między sobą informacji o trzech głównych wskaźnikach makroekonomicznych: i) wartości produkcji, ii) nakładu kapitału rzeczowego oraz iii) nakładu pracy. Dlatego tez, autor niniejszej pracy zarysowuje źródła i przyczyny stojące za powstaniem takich danych oraz przedstawia standardy, którym podlegają. Każdy z wyżej wymienionych wskaźników omawiany jest pod kątem tych standardów, ograniczeń w jego zastosowaniu oraz dostępności w międzynarodowych bazach danych. Artykuł zarysowuje również obecny poziom rozwoju System of National Accounts oraz pokazuje, jak rożne standardy pomiaru mogą wpływać na wnioskowanie o wzroście gospodarczym. (oryginalny abstrakt)

Słowa kluczowe

EN

National economy; System of National Accounts (SNA); Economic growth; International comparisons

PL

Gospodarka narodowa; System Rachunków Narodowych (SRN); Wzrost gospodarczy; Porównania międzynarodowe

• Czasopismo: Folia Oeconomica Cracoviensia
• Rocznik: 2011
• Tom: 52
• Strony: 49--69

Twórcy

autor

Kamil Makieła

• Kielce University of Technology, Kielce, Poland

Bibliografia

• Ahmad N. 2003. Measuring Investment in Software, "OECD Science, Technology and Industry Working Papers", 2003/6, OECD Publishing, doi: 10.1787/335303788330
• Aigner D., Lovell C.K., Schmidt P. 1977. Formulation and Estimation of Stochastic Frontier Production Function Models, "Journal of Econometrics", Vol. 6, Iss. 1, 21-37
• Bos F. 2008. Uses of natinal accounts. History, international standardization and applications in the Neatherlands, "Eagle Economic & Statistics Working Paper", 2008/1, 7-63
• Cassel G. 1921. The World's Monetary Problems, London: Constable
• Caselli E., Coleman II W.J. 2006. The World Technology Frontier, "American Economic Review", Vol. 96, Iss. 3, 499-522
• Chamberlin G., & Yeuh L., 2006. Macroeconomics, London: Thomson Learning
• Chen V., Gupta A., Therrien A., Levanov G., & van Ark B. 2010. Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database, "International Productivity Monitor", Vol. 19, Iss. Spring 2010, 3-19
• Eurostat-OECD. 2006. Methodological Manual on Purchasing Power Parities, Retrieved May 12, 2009, from OECD: http://www.oecd.org/dataoecd/59/10/37984252.pdf
• Fried H.O., Lovell C.A.K., Schmidt S.S. 2008. The Measurement of Productive Efficiency and Productivity Growth, New York: Oxford University Press
• Gueye G. 2007. The revision of ESA 95. Implementation plans, "Working Party on National Accounts", 2007/11, Luxemburg: Eurostat
• Gylfason T. 1999. Principles of Economic Growth, Oxford: Oxford University Press
• Intersecretariat Working Group on National Accounts (ISWGNA), 1993 SNA, Retrieved September 20, 2010, from United Nations Statistical Division: http://unstats.un.org/unsd/snal993/toc-top.asp
• Koop G., Osiewalski J., Steel M.F. 1999. The Components of Output Growth: A Stochastic Frontier Analysis, "Oxford Bulletin of Economics and Statistics", Vol. 61, Iss. 4, 455-487
• Koop G., Osiewalski J., Steel M.F. 2000a. A Stochastic Frontier Analysis of Output Level and Growth in Poland and Western Economies, "Economics of Planning", Vol. 33, Iss. 3,185-202
• Koop G., Osiewalski J., Steel M.F. 2000b. Modelling the Sources of Output Growth in a Panel of Countries, "Journal of Business & Economic Statistics", Vol. 18, Iss. 3, 284-299
• Lequiller E, Ahmad N., Varjonen S., Cave W., & Ahn K.-H. 2003. Report of the OECD Taskforce on Software Measurement in the Nacional Accounts, "OECD Statistics Working Papers", 2003/1, OECD Publishing, doi: 10.1787/334811030426
• Makiela K. 2009. Economic Growth Decomposition. An Empirical Analysis Using Bayesian Frontier Approach, "Central European Journal of Economic Modelling and Econometrics", Vol. 1, Iss. 4, 333-369
• Meeusen W., van den Broeck J. 1977. Efficiency estimation from Cobb-Douglas Production Function with Composed Error, "International Economic Review", Vol. 8, Iss. 2, 435-444
• OECD. 2001. Measuring Capital - OECD Manual, Paris: OECD Publication Service
• OECD. 2003. Measuring Productivity. Measurement of Aggregate and Industry-Level Productivity Growth, Paris: OECD Publication Service
• OECD. 2009. Glossary of Statistical Terms, Retrieved May 10, 2009, from stats.oecd.org/glossary
• Schreyer P. 2003. Capital stocks, capital services and multi-factor productivity measures, "OECD Economic Studies", Vol. 37, Iss. 2003/2,163-184
• Schreyer P. 2004. Challenges for productivity measurement in OECD countries, "8th OECD - NBS Workshop on National Accounts", 2004/12, Paris: OECD Headquarters
• Schreyer P. 2007. Old and New Asset Boundaries: A Review Article on Measuring Capital in the New Economy, "International Productivity Monitor", Vol. 15, Iss. Fall 2007, 75-80
• Schreyer P., & Koechlin F. 2002. Purchasing power parities - measurement and uses, "Statistics Brief", Vol. 3, Iss. 2002/3,1-8
• Schreyer P., & Webb C. 2006. Capital stock data at the OECD: Status and Outlook, "Mimeo", 2006/10, Paris: OECD
• Timmer M., O'Mahony M., & van Ark B. 2007. The EU KLEMS Growth and Productivity Accounts: An Overview, "International Productivity Monitor", Vol. 14, Iss. Spring 2007, 71-85
• Van Ark B., O'Mahony M., & Ypma G. 2007. The EU KLEMS Productivity Report, Groningen: EU KLEMS project
• Ward M. 2004. Some reflections on the 1968-93 SNA revision, "Review of Income and Wealth", Vol. 50, Iss. 2, 299-313