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INCOME ESTIMATION FROM MONETARY DATA: FURTHER EXPLORATIONS

G. R. Hawke

Review of Income and Wealth, 1975, vol. 21, issue 3, 301-307

Abstract: This note explores further the utility of national income estimates derived from monetary data, an issue recently revived in this journal by Professor Leff. Income estimates for New Zealand are extended back from 1918 to 1870 and it is argued that while such figures are not a substitute for more laboriously compiled product or factor reward estimates, they are a useful stop‐gap in what is otherwise an historical vacuum.

Date: 1975
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