Use, Misuse and Proper Use of National Accounts Statistics

Abstract

In this paper, the relevance of national accounts statistics and their underlying conceptual framework is investigated for their four roles: description and object of analysis, tool for analysis and forecasting, tool for communication and decision-making and input for alternative accounts, budgetary rules and estimates. For each role, the merits and limitations of national accounts statistics are described and discussed. Proper use should be stimulated by improving education and marketing and by supplementing national accounts statistics with information about their meaning and reliability.

Keywords: national accounts, relevance and reliability, forecasting, economic and fiscal policy

JEL Classification: C82, H00, C0, E01