For the first time, a systematic discussion is presented of the choice between gross and net national accounting figures of value added, product, and income for alternative purposes. Some traditional arguments for preferring gross to net figures are challenged and several historical reasons are...

This paper presents a national accounting framework that is tailored to a description of the role of research and development (R&D) in the national economy. The main differences from the standard national accounts are some changes in basic concepts and the introduction of additional, more...

National accounting concepts of value and income differ from their economic theoretic counterparts in two respects. Firstly, they are more precise in order to give concrete guidelines for measurement, e.g., with respect to the concept of capital formation and the treatment of taxes. Secondly,...

This paper provides a systematic overview of the compilation and reliability of national accounts statistics. It illustrates the various issues with a wide range of examples and stories from national accounts compilation practice. National accounts statistics are estimates of a universal...