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SOCIAL ACCOUNTING AND THE PUBLIC SECTOR *
Author(s) -
Aronsson Thomas
Publication year - 2008
Publication title -
international economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.658
H-Index - 86
eISSN - 1468-2354
pISSN - 0020-6598
DOI - 10.1111/j.1468-2354.2008.00482.x
Subject(s) - public sector , public economics , revenue , economics , equivalence (formal languages) , national accounts , welfare , social welfare , product (mathematics) , government (linguistics) , ricardian equivalence , accounting , macroeconomics , political science , fiscal policy , market economy , economy , linguistics , geometry , mathematics , law , philosophy
This article contributes to the theory of social accounting. As such, it tries to extend earlier literature on the welfare equivalence of the comprehensive net national product in two main directions, both of which refer to the public sector. One is by considering welfare measurement problems associated with public good provision and redistributive policy, respectively, when the public revenues are raised by distortionary taxes. The other is by addressing the consequences of a “federation‐like” decision structure, where independent tax and expenditure decisions are made both by the central government and by lower level governments.