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IMPLEMENTING THE REVISED SNA: RECOMMENDATIONS ON PRICE AND VOLUME MEASURES
Author(s) -
Dalgaard Esben
Publication year - 1997
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.1475-4991.1997.tb00237.x
Subject(s) - consistency (knowledge bases) , national accounts , price index , economics , volume (thermodynamics) , measure (data warehouse) , index (typography) , value (mathematics) , econometrics , principal (computer security) , table (database) , macroeconomics , computer science , statistics , mathematics , data mining , physics , quantum mechanics , artificial intelligence , world wide web , operating system
The 1993 SNA recommends chain volume indices over traditional fixed base indices as the principal measure of year‐to‐year volume movements in economic aggregates. Recognising, however, that “additive consistency” is important to many users, the SNA recommends that countries continue to compile traditional constant price data alongside the chain indices. In addition, the new international guidelines suggest a supply‐use table framework for deriving indices. This paper considers how these demands can be met in practice. Particular attention is paid to deriving chain indices for industry value added within the same framework as that used for final demand components.