This paper empirically measures and compares the levels and progress of formal and material harmonization in Indonesia. It reveals the extent of harmonization Indonesian Accounting Standards (PSAK) with International Financial Reporting Standards (IFRS) and the improvement of that extent (de...

Standard ways of measuring real income are known to be inconsistent with consumer preferences. We provide preference-consistent estimates of real income, based on the income-specific price indices that are consistent with nonhomothetic preferences. We find that existing measures, such as Geary,...

Brent Moulton and Nicole Mayerhauser (2015) point out that, for more than 50 years, economists have featured the concept of human capital in their models of labor, growth, productivity, and distribution of income. The authors recommend the addition to the System of National Accounts (SNA) of...