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INCOME ESTIMATION FROM MONETARY DATA: FURTHER EXPLORATIONS
Author(s) -
Hawke G. R.
Publication year - 1975
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.1475-4991.1975.tb00821.x
Subject(s) - economics , estimation , product (mathematics) , econometrics , measures of national income and output , national income and product accounts , macroeconomics , mathematics , geometry , management
This note explores further the utility of national income estimates derived from monetary data, an issue recently revived in this journal by Professor Leff. Income estimates for New Zealand are extended back from 1918 to 1870 and it is argued that while such figures are not a substitute for more laboriously compiled product or factor reward estimates, they are a useful stop‐gap in what is otherwise an historical vacuum.