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  • Blackwell Publishing Ltd  (1,674)
  • 2000-2004
  • 1965-1969  (1,674)
  • 1955-1959
  • 1945-1949
  • 1967  (1,674)
Collection
Publisher
Years
  • 2000-2004
  • 1965-1969  (1,674)
  • 1955-1959
  • 1945-1949
Year
  • 1
    Electronic Resource
    Electronic Resource
    NATIONAL ACCOUNTS AT CONSTANT PRICES (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article discusses the problem of compiling a balanced set of national accounts at constant prices. The method adopted is based on earlier work on this subject by Burge and Geary. Commodity flows, which are uniquely deflatable, are expressed at constant prices and savings in constant prices is obtained by preserving a balanced set of equations in real terms. The deflation of the external account is discussed.A method is suggested for expressing the national income account in real terms and an “income gain” is deduced for each industrial sector which represents the difference between real income and real product in that sector. The sum of the income gains for the domestic sectors is zero.The constituents of the income/expenditure accounts of households, corporations and general government are expressed at constant prices by selecting suitable deflators in a consistent manner. The accounts in real terms are now unbalanced and are balanced again by inserting a balancing item which is shown to represent a gain to the sector arising from changes in the terms of trade between the sectors. This item is called an “expenditure gain”. The sum of the expenditure gains for the institutional sectors is zero.The system suggested can be extended to cover additional items in the accounts and thus a complete set of national accounts in real terms can be derived.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00745.x
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  • 2
    Electronic Resource
    Electronic Resource
    STRUCTURAL CHANGES AND THE DISTRIBUTION OF INCOME BY SIZE: THE CASE OF INDIA (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The interrelation between changes in the economic structure, i.e., industrial distribution of income and labor force, and the size distribution of income is studied in this paper in a case study of India (1951–1960).The change in the size distribution of income is the sum of changes due to (1) inter-sectoral factors and (2) intra-sectoral factors. The need for this distinction is emphasized by the result obtained for India, that 85% of the changes in the size distribution may be assigned to inter-sectoral factors, and only 15% to intra-sectoral factors. Since the inter-sectoral factors are significantly influenced by changes in the industrial distribution of income and labor force, our result points out a relation between economic growth and the size distribution which quite often is overlooked in studies of the size distribution.The results obtained in this paper support several cross-section results of Professor Kuznets. In particular some of these are: (a) inter-sectoral inequality in the economic structure widened with economic growth, (b) the inequality in the size distribution of India widened, (c) the level of inequality in India is higher than in any of the eight developed countries considered.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00738.x
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  • 3
    Electronic Resource
    Electronic Resource
    AN APPROPRIATE SYSTEM FOR DEFLATION OF SECTORAL INCOME IN A DEVELOPING ECONOMY ILLUSTRATED BY THE INDUSTRIAL SECTOR OF THE INDIAN ECONOMY FROM 1951 to 1965 (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The technique of national income accounting is a part of what Hicks has termed “The Fixprice Method”. Deflation is an attempt to approximate a real economy to a fixprice economy. It is shown that if the propositions of macro-dynamics are to hold, this deflation cannot be done in accordance with the price structure prevailing at any particular historical time, but must use that given by the capital theory of value, viz., when returns to labour are equal to zero. For a labour-abundant developing economy this will correspond to prices based on opportunity cost principles.As an illustration, sectoral incomes on this basis have been calculated for the industrial sector of the Indian economy for the years 1951 to 1965.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00731.x
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  • 4
    Electronic Resource
    Electronic Resource
    REPORT OF A CONFERENCE ON THE PROPOSALS FOR REVISION OF THE UNITED NATIONS SYSTEM OF NATIONAL ACCOUNTS, HELD BY THE CONFERENCE ON RESEARCH IN INCOME AND WEALTH (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This report summarizes the proceedings of a series of meetings called by the Conference on Research in Income and Wealth of the National Bureau of Economic Research in June of 1966. The major conclusions of the conference, as transmitted to the Statistical Office of the United Nations, were as follows: (1) The aim of integrating the various parts of the system of national accounts, including input-output and financial transactions, is to be welcomed. (2) The more recently developed parts of the system need considerably more work to reach the same level of clarity and usefulness which the national income and product accounts have acquired. (3) Some simplification of the proposed basic system should be considered, involving the identification of a minimum of information that should and could be provided by all countries. (4) In line with the conference's overriding interest in national accounts as an instrument for economic analysis and a means of more informed policy formation, the proposed system needs considerable strengthening in the field of income distribution.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00734.x
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  • 5
    Electronic Resource
    Electronic Resource
    A SOCIAL WELFARE VIEW OF THE MEASUREMENT OF INCOME EQUALITY (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Economists' use of the term “equality” in reference to a distribution of incomes has historically been in the sense of a consensus for some statistical characteristic(s) of the distribution rather than a firm concept of equality. Of course such a concept rests on appropriate welfare assumptions about income and its distribution, assumptions which, for the most part, have been left implicit (and unknown) in discussions of income equality in the literature.Our purpose in this paper is dual: first, we wish to discover an unambiguous, welfare-related equality measure. This we accomplish through suitable assumptions on a social welfare function. What is produced is an “index” of equality which describes the performance of a given distribution relative to the maximum welfare derivable from the total income it represents. The measure thus depends functionally on the welfare attributes of income, something which in reality we know little about.This impasse leads us to inquire into the sensitivity of the index over specifications of the welfare function, which is done by comparing equality ranks for the states of the United States for 1960 under various functional forms and among curves within a given form. As an interesting secondary issue, the performance of traditional equality measures is tested relative to the welfare-oriented index to discover implications about their welfare content.It is found that the equality index is, in certain ranges for the welfare function, insensitive to its specification. The findings lead directly to conclusions concerning traditional equality measures, their usefulness in correctly accounting for equality differences among alternative income distributions and, concomitantly, their implicit welfare inputs.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00732.x
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  • 6
    Electronic Resource
    Electronic Resource
    THE DISTRIBUTION OF YUGOSLAVIA'S NATIONAL INCOME BY SOCIAL CLASSES IN 1938 (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper presents the results of an investigation of the distribution of Yugoslavia's national income by social classes in 1938. The population in mid-1938 was apportioned among social classes as follows: proletariat 34.6 per cent, middle classes 59.2 per cent, bourgeoisie 5.3 per cent, 0.9 per cent unallocated. About three-quarters of the population was rural. The proletariat amounted to 5.2 million persons, of which 3 million were peasants living on dwarf holdings and 2.2 million were rural and urban wage earners. Unemployment in the non-agricultural sector was 10 per cent; if the agricultural sector is added, overall un- and under-employment amounted to 31 per cent. The bourgeoisie consisted of 0.8 million persons, of which two-fifths were rich peasants. Of the 9 million persons in the middle classes, 7 million were peasants with small and medium holdings. The remainder were mainly minor entrepreneurs in the non-agricultural sector. The proletariat accounted for 35 per cent of total population but only 18 per cent of aggregate income, whereas the bourgeoisie with 5 per cent of the population received 26 per cent of aggregate income. The distribution of income among the various groups of the non-agricultural population was more unequal than among the groups of the agricultural population. Estimates are preesented of the distribution of income by various types and sources, for agricultural and non-agricultural population, together with income per capita, average earnings per employed worker, labor productivity, and capital intensity, the last by industrial branches as well as social classes.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00746.x
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  • 7
    Electronic Resource
    Electronic Resource
    THE PUBLIC SECTOR IN FINANCIAL FLOW STATEMENTS: JAPAN'S CASE (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: One of the most characteristic features of Japan's public sector is the predominant role of the Treasury system, which operates not only budgetary funds of the central government but also various other funds such as Postal Savings Funds and surplus funds of public corporations.Among the general account and 45 special accounts of the Treasury system, the Foodstuff Control, the Foreign Exchange Fund and the Trust Fund play important roles, both through their intra-governmental transactions and through their transactions with private sectors. Particularly noticeable is the role played by the Trust Fund Bureau, which serves as a financial institution for government agencies. Surplus and accumulated funds in the Postal Savings and other special accounts of the Government are deposited in the Trust Fund Bureau, which employs these funds for intra-governmental ways and means loans, and for government loans and investment programs.Another feature of Japan's Treasury system is that it deposits all the Treasury funds solely with the Bank of Japan.The activities of local authorities and local public enterprises are also largely financed by Treasury funds, and are intertwined with the Treasury system.The statistical systems for monetary and financial flow analysis developed by the Bank of Japan, therefore, place stress on the analysis of flows of Treasury funds, and are based on an institutional sectoring to reflect the flows of funds as they actually take place. One exception is the Monetary Survey compiled in accordance with the IMF formula, which adopts a kind of functional sectoring for international comparison purposes.In the last three years, Japan's public sector, which had long stood rather neutral in the financial patterns of the economy, has begun to show an increasing financial deficit. With the increasing financial deficit of the sector, the financial patterns of the nation as a whole are undergoing remarkable changes.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00748.x
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  • 8
    Electronic Resource
    Electronic Resource
    NEWS NOTES (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00751.x
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  • 9
    Electronic Resource
    Electronic Resource
    THE MEASUREMENT OF GROSS NATIONAL PRODUCT IN KOREA (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: South Korea began its measurement of Gross National Product during the turbulent 1950's, a period of postwar rebuilding and of political and social changes. With only a small and largely inexperienced staff, and with little support from other statistical agencies whose data were essential to adequate GNP measurement, the Bank of Korea began this task in the early 1950's. Early estimates were extremely rough; over the years, the statistical staff was trained and other statistical agencies were upgraded. Measurements of output in the large agricultural sector and in manufacturing have gradually but consistently been strengthened as recent input-output data has been developed. Gaps still persist, particularly in the wholesale and retail sectors, but certain strengths are present: an outstanding job has been done in product pricing. The author describes the evolution of Korea's improving GNP program, presents its sources of data and its methodologies, and gives an assessment of problems of the past and prospects for the future.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00736.x
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  • 10
    Electronic Resource
    Electronic Resource
    ECONOMIC HISTORY AND NATIONAL ACCOUNTS (1967)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 13 (1967), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1967.tb00740.x
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