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MARKET TRANSACTIONS IN THE NATIONAL ACCOUNTS
Author(s) -
Lützel Heinrich
Publication year - 1986
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.1475-4991.1986.tb00536.x
Subject(s) - national accounts , economics , database transaction , market microstructure , business , financial economics , macroeconomics , order (exchange) , finance , computer science , database
This paper explains the treatment of market and non‐market transactions in the national accounts. Different possibilities of defining these two types of transactions are discussed, and it becomes evident that a strong restriction of national accounts to market transactions only cannot be seriously taken into consideration. On the other hand, a system of supplementary tables is proposed which shows the market and the non‐market transactions as such. Examples of tables of this kind are presented for the Federal Republic of Germany.