Extended Measures of National Income and Saving

Makin A.J. (1996) Extended Measures of National Income and Saving. Economic Analysis and Policy, 26 2: 145-155. doi:10.1016/S0313-5926(96)50018-4


Author Makin A.J.
Title Extended Measures of National Income and Saving
Journal name Economic Analysis and Policy   Check publisher's open access policy
ISSN 0313-5926
Publication date 1996-01-01
Sub-type Article (original research)
DOI 10.1016/S0313-5926(96)50018-4
Open Access Status Not yet assessed
Volume 26
Issue 2
Start page 145
End page 155
Total pages 11
Publisher Elsevier
Language eng
Subject 2002 Cultural Studies
Abstract National wealth, as a stock measure, is conceptually equivalent to residents' net worth or the difference between the tangible and foreign assets which residents own, offset by foreigners' claims to those assets. National wealth measures the value of resources potentially available for future consumption. In practice, national wealth statements should include all non-human assets and claims at market prices. Such estimates may then be used for several purposes. For instance, in this paper new estimates reveal the sources of growth in national wealth, as between accumulation and valuation changes. This provides a new perspective on Australia's saving performance. Annual movements in the value of wealth also more graphically illustrate the cycle of boom and bust in the Australian economy than the conventional flow measure of economic activity over the past decade.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Tue, 26 Jul 2016, 13:45:14 EST by System User