Resurrecting the UK Historic Sector National Accounts

Bill Martin

Working Papers from Centre for Business Research, University of Cambridge

Abstract: The UK national accounts do not provide a full long-run set of historic data describing the behaviour of the UK's private sector. Although comprehensive figures are available from 1987, the pre-1987 historic sector national accounts are marred by discontinuities, gaps and error. A partial solution is described that enables the compilation of consistent historic figures for sectors' income and expenditure flows, albeit at a high level of sector aggregation. Particular attention is paid to transfer incomes and associated inter-sector flows. To our knowledge, our dataset is the only one freely available that provides a basis, albeit an incomplete one, for a serious examination of Britain's post-war macroeconomic history. Coherent financial flow, balance sheet and volume data and further sector disaggregation are required to complete the picture. An annual dataset is provided as a supplement to the article

Keywords: UK national accounts; European System of Accounts; data corruption; private sector; Statistics Commission (search for similar items in EconPapers)
JEL-codes: E01 E2 (search for similar items in EconPapers)
Date: 2007-12
Note: PRO-1
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp356

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