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THE ROLE OF NATIONAL ACCOUNTS IN CONJUNCTURAL RESEARCH—THE CASE OF CZECHOSLOVAKIA
Author(s) -
Goldmann J.
Publication year - 1968
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1968.tb00941.x
Subject(s) - section (typography) , economics , national accounts , macroeconomics , measures of national income and output , socialism , economic thought , economic system , neoclassical economics , positive economics , economy , development economics , political science , law , communism , politics , advertising , business
This article discusses the revival of interest in research on cyclical behavior in the socialist countries, and the resulting shifting requirements placed upon the national income accounts. The first section discusses the economic experience and the institutional factors leading to this shift in emphasis. The second section deals with the use of national accounts in cyclical analysis, with particular reference to the Czechoslovak experience. The third section extends the discussion to the use of national accounts data for economic forecasting. The final section discusses the theory of economic fluctuations under socialism, and compares it with cyclical behavior in capitalist economies.