This paper presents a modified national accounting system tailored to a description of Research and Development (R&D)in the national economy. The main differences with the standard national accounts are some changes in the basic concepts (e.g. own-account production of R&D is considered as...

This paper discusses the implementation of the new universal guidelines (SNA95) on the Dutch national accounts. A distinction is made between changes in basic concepts and classifications, changes in detail and supplementary classifications and changes in scope.

At present, the national accounts in most countries are compiled on the basis of concepts and classifications in international guidelines. In this paper, we trace the roots of these guidelines, compare the subsequent quidelines and discuss also alternative accounting systems like extended...

The consequences of deregulation for economic statistics are discussed with a view to Europe 1992. In particular, the effects of the introduction of the Intrastat-system for statistics on international trade are investigated. It is argued that if the Statistical Offices of the EC-countries do no...

In this paper, concepts of income are discussed in view of the purpose of use and the actual circumstances. Main choices in defining income are presented in a general system. The national accounts is a multi-purpose framework. It should therefore contain several concepts of income.

From a conceptual point of view, for most purposes net figures of Domestic Product and National Income are to be preferred to gross figures. Nevertheless, in practice gross figures are most often used on the ground of various arguments. In this paper, these arguments are challenged. To this end,...

This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...

This paper discusses the future of the national accounts in view of four trends: globalisation, regionalisation like the European unification (regional blocks), atuomation and more market-oriented government. Each trend will be discussed starting from recent developments in national accounting....

This paper describes the relationship between economic theory and national accounting. This relationship is often misunderstood, by economic theorists and national accountants alike. Attention is drawn to the consistency required in a national accounting system, to national accounts statistics...

The basic idea of real options analysis is that flexibility has value. Increasing the flexibility of investmentprojects may therefore substantially increase their value. Ignoring the value of flexibility implies that erroneously investmentprojects without much flexibility may be preferred to...