Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 4 December 2002
Length: 29 pages
Data source: Published sources
Abstract
Presents the fundamentals of GDP (gross domestic product) accounting (including definitions, etc), examines the history of national accounting, and surveys the international debate over 'Green GDP'. The first section explains the basic rules and definitions of national economic accounting and the meaning of GDP versus the National Development Plan. The second section provides historical context for the development of national income estimates, 1886 to 1940, culminating in the creation of gross national product by the US Department of Commerce in the 1940s. The third and final section discusses the standard imputations currently made to reflect non-price economic activity (eg, for owner- occupied housing and government services), and explores the debate over imputations for natural resources and environmental quality.
Location:
Other setting(s):
2002
About
Abstract
Presents the fundamentals of GDP (gross domestic product) accounting (including definitions, etc), examines the history of national accounting, and surveys the international debate over 'Green GDP'. The first section explains the basic rules and definitions of national economic accounting and the meaning of GDP versus the National Development Plan. The second section provides historical context for the development of national income estimates, 1886 to 1940, culminating in the creation of gross national product by the US Department of Commerce in the 1940s. The third and final section discusses the standard imputations currently made to reflect non-price economic activity (eg, for owner- occupied housing and government services), and explores the debate over imputations for natural resources and environmental quality.
Settings
Location:
Other setting(s):
2002