THE 1993 REVISED SYSTEM OF NATIONAL ACCOUNTS: WHERE DO WE GO FROM HERE?

Harry H. Postner

Review of Income and Wealth, 1995, vol. 41, issue 4, 459-469

Abstract: The 1993 System of National Accounts is a remarkable document, but the System also has some major imbalances and omissions. The present paper spells out four aspects of the SNA that require further development: (1) accounting for the costs of economic change; (2) delineation of information as an economic commodity; (3) overhaul of the methodology underlying input‐output accounts; and, (4) consequences of the System's implicit use of compacted accounting. These developments can be incorporated in a Supplementary Document in the near future. We need not wait 25 years.

Date: 1995
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