Economic theory and social accounting system /
By: Ezaki, Mitsuo.
Series: Vol. 3 No. 2 Second Sem 1976.Description: p.238-263.Subject(s): Economic theory | National accounts | National income | Social accounting system In: Journal of Philippine DevelopmentSummary: This paper will clarify theoretical aspects in the existing system of national accounts and to summarize and interpret it with particular reference to the Philippines. Section 2 provides a general equilibrium framework of the aggregate version to get a bird's eye view of the national economy. Three kinds of equalities are introduced: supply-demand equilibrium conditions, budget constraints, and distributional equations in production (or imputational equations on physical capital). Section 3, using the framework mentioned, will explains five major accounts in the national income statistics of the Philippines and investigates the relationship between national income and national wealth. It will also discuss the treatment of general government, whose productive activities are very difficult to measure correctly due to the invinsible nonmarket nature of public services| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Vol. 3 No. 2 Second Sem 1976 | Available | 2000000875 |
This paper will clarify theoretical aspects in the existing system of national accounts and to summarize and interpret it with particular reference to the Philippines. Section 2 provides a general equilibrium framework of the aggregate version to get a bird's eye view of the national economy. Three kinds of equalities are introduced: supply-demand equilibrium conditions, budget constraints, and distributional equations in production (or imputational equations on physical capital). Section 3, using the framework mentioned, will explains five major accounts in the national income statistics of the Philippines and investigates the relationship between national income and national wealth. It will also discuss the treatment of general government, whose productive activities are very difficult to measure correctly due to the invinsible nonmarket nature of public services