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INTEREST, DISTRIBUTION OF VALUE ADDED AND INFLATION: INFLATION‐INDUCED DIFFICULTIES IN THE INTERPRETATION OF DUTCH NATIONAL ACCOUNTS *
Author(s) -
Laan Paul,
Tuinen Henk K.
Publication year - 1985
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.1475-4991.1985.tb00512.x
Subject(s) - economics , national accounts , inflation (cosmology) , measures of national income and output , distribution (mathematics) , national income and product accounts , macroeconomics , income distribution , comprehensive income , value (mathematics) , net national income , monetary economics , econometrics , public economics , gross income , inequality , mathematical analysis , physics , mathematics , tax reform , state income tax , machine learning , theoretical physics , computer science
The present paper examines the inflationary bias of sectoral income transactions in national accounting data. An inconsistency of these data is pointed out. Alternative income measures are estimated by adjusting the standard national accounting data for inflationary gains and losses. These gains and losses arise from financing by loan capital. Several issues concerning income concepts and alternative methods for the measurement of inflationary gains and losses are discussed. It is concluded that an adjustment of sectoral income data for these gains and losses produces a very different picture of the sectoral distribution of income.