Implementing the Revised SNA: Recommendations on Price and Volume Measures.

The 1993 SNA recommends chain volume indices over traditional fixed base indices as the principal measure of year-to-year volume movements in economic aggregates. Recognizing, however, that 'additive consistency' is important to many users, the SNA recommends that countries continue to compile traditional constant price data alongside the chain indices. In addition, the new international guidelines suggest a supply-use table framework for deriving indices. This paper considers how these demands can be met in practice. Particular attention is paid to deriving chain indices for industry value added within the same framework as that used for final demand components. Copyright 1997 by The International Association for Research in Income and Wealth.