# Questions tagged [national-accounts]

Covers how National Accounts statistics should be interpreted, as well as information regarding how National Statistical Institutes compile these concepts. May also answer questions raised by the international statistical community on methodological best practice for these statistics.

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### In a social accounting matrix, what does Capital refer to?

In the process of building a social accounting matrix for Panama, I am trying to understand what capital refers to. The Panamanian National Accounts have tables on capital, but they describe gross ...
113 views

### Intermediate demand vs. Intermediate consumption

I am trying to understand what's the difference between intermediate consumption and intermediate demand. The context is the European System of Accounts, which says that intermediate demand is the ...
45 views

### When building a social accounting matrix, do you input domestic intermediate demand or total intermediate demand?

I have been trying to build a social accounting matrix (SAM) after building an input-output table (IOT). In the IOT, I had to distinguish between total intermediate demand (which includes import of ...
62 views

### Specific question about some figures in national accounts

I have highlighted four highlighted numbers in the UN System of National Accounts (p. 31, Table 2.13). My question is: What are these numbers? My guesses: 6 = Compensation paid by foreign firms to ...
224 views

### Calculating Real Budget Deficit, given Nominal Deficit and Inflation

I am doing this course on Coursera. In the context of explaining what Budget Deficits are, the professor puts up the following formula: Real Deficit = Nominal Deficit - (Inflation*Total Debt) My ...
5k views

### What Level of Government Debt to GDP Ratio is Sustainable?

I was reading that Japan has a debt to gdp ratio of 240pc and I cannot understand why this has not left the country "bankrupt"? From looking at this like an ordinary person this level would be ...
71 views

### Basic question on S=I

Consider the identity: $$Y=C+I+G+X-M$$ where $Y$ is defined either as value-added output, or income, or total expenditure. Now, consider private individuals, who decide to save money, as opposed to ...
19 views

### Greece national-accounts : deficit and debt doesn't seem coherent

I wanted to have a look at Greek's data to have an idea of the debt crisis' impact on various indicators. Two of those indicators are national debt levels (in GDP% or in absolute value) and ...
2k views

### How is software treated in Gross Domestic Product calculations?

Is there a concise explanation of how software is treated in GDP calculations? It seems a bit complicated. I can only figure out part of the story: For consumer purchases, I think all software ...
21 views

### List of countries moved to developed economies in the last 50 years

I read in Bloomberg that five countries moved to advanced economies in the last 50 years from developing economies and one of them was Singapore. Wondering what are the other four countries? The ...
65 views

### Current accounts as savings?

The book I'm reading shows that $$S= I +CA$$ where $S$ is savings, $I$ is investment, and $CA$ is the current accounts surplus. The book then states "any domestic savings not absorbed by domestic ...
49 views

### What is the economic strategy of the UK?

The UK has run a current account deficit running into billions of GBP per annum since the turn of the century. If we apply the mindset of a household to the economy then clearly this would appear to ...
12 views

### Foreign exchange reserves in the government's budget constraint

The following is an excerpt from Montiel's Macroeconomics in Emerging Markets (1st edition): B: Privately owned bonds DC: Government bonds held by the central bank sB*: Bonds held by foreigners, ...
59 views

here are 3 papers that discuss it. it seems to me that the paradox is that, supposing a closed economy has money M raised through bank loans, then, while that economy can create goods and services and ...
34 views

### Where's a good place to find Information on Non-OCED countries?

I'm looking for Private Savings (Sp), Investment (I), Taxes (T), Government Spending (G) for India.
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### Is it possible for Gross value added be negative on a company level?

In National Accounts production approach, can there situations whereby the Output of a company is far lower than the Intermediate consumption therefore the Value added is negative?
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### How is labor demand measured?

For instance, in the introduction of this paper (first paragraph), talking about Figure 1, they say that labor demand is measured as the real wage bill normalized by population. Is it common to ...
3k views

### Why do we consider purchase of house by households as investment?

According to what I have read, investment is the expenditure on creation of capital goods, which means that it is done by producers. Then why do we treat buying of house by households as investment ...
12 views

### What is the Canonical Metric for Investment? (U.S.)

I'm currently taking a run-of-the-mill Intermediate Macro class and have coursework which asks to produce a vis that tracks U.S. Investment from 1970-2014. What is the salient/canonical National ...