Premium
SAMs, THE SNA AND NATIONAL ACCOUNTING CAPABILITIES
Author(s) -
Pyatt Graham
Publication year - 1991
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.1475-4991.1991.tb00353.x
Subject(s) - national accounts , flexibility (engineering) , economics , context (archaeology) , production (economics) , general equilibrium theory , order (exchange) , set (abstract data type) , distribution (mathematics) , accounting identity , public economics , macroeconomics , microeconomics , accounting , accounting information system , computer science , throughput accounting , finance , management , mathematics , paleontology , mathematical analysis , financial accounting , biology , programming language
In this paper, the author argues for radical revision of the 1968 SNA in the direction of simplification, in order to give greater emphasis to essential concepts, and for flexibility, so that each country can develop its own SAMs within a general conceptual framework as a response to domestic priorities and issues. It is suggested that general equilibrium models should replace input‐output as the central conceptualisation of the system, leading to an equal emphasis on prices and quantities, and an equal concern within the SNA for income distribution, factor markets and production structure, set in the context of external flows and balances.