ACCOUNTING FOR GOLD: THE SOUTH AFRICAN CASE

Terence Moll

Review of Income and Wealth, 1992, vol. 38, issue 2, 185-198

Abstract: Real output measures in the UN System of National Accounts should be continually re‐evaluated, to ensure they are providing indicators appropriate for user needs. The South African gold mining industry is an intriguing case in which the conventional output indicators are highly misleading for various analytical purposes, largely because the usual background assumptions are particularly invalid. Due to the size of the industry, its precise treatment can have sizeable effects on estimates of the growth of GDP, particularly over periods when the price of gold changes. A number of easily produced additional output measures are suggested to help analyse productivity growth and differences between the growth of real output and real incomes.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4991.1992.tb00419.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:38:y:1992:i:2:p:185-198

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().