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National Accounts System: Source of Information in Macroeconomic Forecast

Constantin Anghelache (), Madalina-Gabriela Anghel () and Alina-Georgiana Solomon ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2017, vol. 7, issue 2, 76-82

Abstract: The national accounts represent a model for recording and analyzing macroeconomic. The emergence of national accounts was necessary to obtain information for making calculations and macroeconomic analysis. Thus, national accounts system has become the main tool for recording and analyzing macroeconomic used in international statistics, so consequently and in Romania. A statistical overview of the emergence of this system of macroeconomic evidence shows that from 1938 to agreed first system developed by Professor Richard Stone in England. Subsequently, the preoccupation to establish a filing system macroeconomic able to provide dynamic analysis while each country, but also ensure the possibility of a macroeconomic records internationally and expanded. Incidentally, it appeared Cambridge system describing the relationships established between the main economic homogeneous systems and between them and the rest of the world, a definite necessity to make a comparative analysis over time. Later Leontieff described the internal structure of the productive system as a highlight structural production of the national economy, highlighting the relationship between the branches of the national economy, as an important element in studying correlations are established at the macroeconomic level. Evolving over time, national accounts system resulted to be composed of a number of tables that highlight the production, distribution, consumption and accumulation of goods, categories of businesses and the overall national economy. In this context, plays an important role in economic circuit which is represented as a set of operations that stability economic flows between operators. In conclusion, the system of national accounts is presented in four important accounts respectively, production, consumption, accumulation and the world, which shows how to interpret each. In this context, the authors of this article said content relevant accounts, production, consumption, accumulation and the world trying to emphasize the correlation established between them. Going forward, the authors believe that the tried and largely succeeded, which have proposed have focused on content main indices calculation results of the national accounts. Thus refers to Global Product, Gross Domestic Product Gross Domestic Product Net national income, national disposable income and product available, synthesizing in this way, how these indicators are found behind any analyzed, especially regarding the need for forward-looking analysis to identify how the question of identifying macroeconomic development trend.

Keywords: Economic flow; macroeconomic circuit; investment; production; economic agent (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:hur:ijaraf:v:7:y:2017:i:2:p:76-82