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Folia Oeconomica Cracoviensia, Vol. LII
(Krakowska Akademia im. Andrzeja Frycza Modrzewskiego, Polska Akademia Nauk - Oddział w Krakowie - Komisja Nauk Ekonomicznych i Statystyki, 2011) Baster, Paweł; Pocztowska, Katarzyna; Malczyk, Krzysztof; Makieła, Kamil; Osiewalski, Jacek; Osiewalski, Krzysztof; Prusak, Anna; Stefanów, Piotr; Czarnecki, Lech; Iwasiewicz, Andrzej
The contemporary standards of national accounts – applicability and limitations in economic growth and productivity studies
(Oficyna Wydawnicza AFM, 2011) Makieła, Kamil
The purpose of this article is to survey the contemporary standards of modern national accounts, and to assess their applicability in tracing differences in economic growth across countries. In order to perform a growth accounting study one requires good quality and mutually comparable information about the three main macroeconomic indicators: i) production output, ii) capital in put and iii) labour input. Thus, the author outlines the sources and reasons behind the creation of such statistics as well as the national accounts standards they comply with. Each of the above indicators is discussed in respect of these standards , limitations in apply in gand availability in international databases. The stud y also provides insights into th ecurrent stage of development of the System of National Accounts and how different measurement standards can augment inference on economic growth.