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NATIONAL ACCOUNTING WITH LIMITED DATA: LESSONS FROM NEPAL
Author(s) -
Barkay Richard M.
Publication year - 1982
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.1475-4991.1982.tb00619.x
Subject(s) - national accounts , currency , value (mathematics) , commission , national income and product accounts , economics , population , scale (ratio) , developing country , unit (ring theory) , national savings , meaning (existential) , accounting , economic growth , macroeconomics , sociology , geography , statistics , finance , psychology , demography , mathematics , cartography , mathematics education , psychotherapist
The Kingdom of Nepal is one of the least developed and least known countries. In order to understand the sometimes non‐conventional estimating procedure used, a background section is included, describing the physical, socio‐economic and institutional framework. In the second part of the paper some illustrative examples of the approaches used are given, the full description being published in four volumes, National Accounts of Nepal , National Planning Commission, Kathmandu. The last part of the paper considers the usefulness of national accounts based upon the market economy, and in general, the problem of applicability of international concepts to a developing country. What is the significance of international concepts to a developing country? What is the significance of national value aggregates in a country in which the unit of national currency does not serve as a nation‐wide standard of value? Can a common denominator be found if the scale of values and the whole outlook of different groups are so different? What do people value, and does the rural population in localized economies put a monetary price on the value? Has the concept of labour force or employment, as used in industrial societies, any meaning in a society where all those capable, including small children, of contributing to daily survival do so? The conceptual problems have not yet been solved. National accounts are a useful first step in providing planners with symbols for telling a complex story in simple terms and as a kind of statistical reconnaissance, but as development planning is moving more and more in the direction of planning from below and into regional and rural development projects, household surveys are becoming essential planning and evaluation tools. Based upon twenty‐five years of field experience, the author reflects upon problems and possible solutions, discussing managerial, training, substantive and statistical aspects.