bluuebunny/crossref_metadata_2025_split huggingface dataset:
FUNCTIONAL ESTIMATES OF JAPANESE GOVERNMENT DOMESTIC EXPENDITURES, FISCAL 1952–1963
Authors: Patrick Hugh T. 
Published: March 2005

The purpose of the paper is to describe current and constant price estimates of Japanese central and local government postwar domestic expenditures by economic type and function recently completed by Miss Yoshiko Kido, International Christian University, Tokyo, and myself. The rationale of the functional classification is to estimate those government expenditures which enhance the economy's productive capacity.Expenditures are divided into four broad functional categories: developmental, disaster repair and prevention, social welfare, and general government. These four categories are subdivided to two levels of disaggregation. We were able to break down government fixed investment, government enterprise inventory investment, current domestic transfers and subsidies into 42 functional components. For constant price series, each functional component by economic type was deflated by separate price indexes. We followed the Economic Planning Agency's procedure for the official national accounts of assuming no productivity change in the provision of government services.Our results are generally comparable to the official national accounts estimates. The major difference is that we attribute considerably more fixed investment to local governments, and correspondingly less to the central level.Government expenditures had the following characteristics. Growth was rapid; in real terms the public sector use of the economy's resources in 1963 was 2.2 times more than in 1952. The elasticity of government expenditures to GNP was unity in current prices, slightly less in real terms. The government postwar share in GNP has been smaller than in European nations and, unlike them, was not rising. This reflects the underlying growth strategy of emphasis upon private business fixed investment. Government consumption expenditures declined relative to GNP, and investment rose.Developmental expenditures comprised the largest share (40–45 per cent) of the government total. The elasticities to GNP of government expenditures by economic and functional categories are provided and discussed.A simple test was made of the cyclical relationship of government expenditures (both total and by category) to GNP. The results suggest that government expenditures, rather than contra‐cyclical, were pro‐cyclical in effect.
THE PUBLIC SECTOR IN FINANCIAL FLOW STATEMENTS: JAPAN'S CASE
Authors: Samukawa Tatsuya 
Published: March 2005

One of the most characteristic features of Japan's public sector is the predominant role of the Treasury system, which operates not only budgetary funds of the central government but also various other funds such as Postal Savings Funds and surplus funds of public corporations.Among the general account and 45 special accounts of the Treasury system, the Foodstuff Control, the Foreign Exchange Fund and the Trust Fund play important roles, both through their intra‐governmental transactions and through their transactions with private sectors. Particularly noticeable is the role played by the Trust Fund Bureau, which serves as a financial institution for government agencies. Surplus and accumulated funds in the Postal Savings and other special accounts of the Government are deposited in the Trust Fund Bureau, which employs these funds for intra‐governmental ways and means loans, and for government loans and investment programs.Another feature of Japan's Treasury system is that it deposits all the Treasury funds solely with the Bank of Japan.The activities of local authorities and local public enterprises are also largely financed by Treasury funds, and are intertwined with the Treasury system.The statistical systems for monetary and financial flow analysis developed by the Bank of Japan, therefore, place stress on the analysis of flows of Treasury funds, and are based on an institutional sectoring to reflect the flows of funds as they actually take place. One exception is the Monetary Survey compiled in accordance with the IMF formula, which adopts a kind of functional sectoring for international comparison purposes.In the last three years, Japan's public sector, which had long stood rather neutral in the financial patterns of the economy, has begun to show an increasing financial deficit. With the increasing financial deficit of the sector, the financial patterns of the nation as a whole are undergoing remarkable changes.
ECONOMIC PRODUCTIVITY IN ISRAEL, 1950–1965 1
Authors: Gaathon A. L. 
Published: March 2005

Macroeconomic productivity in Israel is here conceived as comparison of output with factor inputs during given periods, and as creation of sustained capacity out of given resource increments. However, present social accounting practice prevents full implementation of this second approach.In contrast to nine European countries, only one third of the rapid growth rate of Israel in 1950–1965 is “explained” by the “Residual” because of relatively large infrastructural investments and of growth problems. One of these problems is inflationary pressures which caused productivity increases to restrain the rise of product prices by 30 per cent only below the rise of input prices. The real productivity gain accrued, in Israel and in the U.S.A. (1919–1957), nearly fully to labor because unit returns to capital remained constant whereas those to labor sharply rose.Some refinements of the statistical models are attempted by incorporating the utilization rates of labor and capital (for industry); and by measuring product from the uses, instead of from the income, side, adding the differences to the capital shares. This makes distributive factor shares nearly constant as postulated by Cobb‐Douglas.In order to get a basis for appraising efficiency in creating long‐term capacity, that part of product increments is measured which represents rises of p.c. final domestic uses and changes in the export surplus. This “net margin” formed in Israel one fifth and in the U.S.A. (1889–1913) much less of incremental product. Though in Israel one quarter, and in the U.S.A. over half (in 1919–1953) of the net margin went into sonsumption, large proportions of it presumably actually created human capacity. A comparison of product growth rates with population growth, and of the breakdown of the resulting p.c. product growth rates into full final uses, for Israel and two groups, of developed and less developed countries in the fifties shows, inter‐alia, that in the L.D.C. only small proportions of their presumable capacity creation was financed by net capital inflows, thus imposing upon them domestic saving rates which presumably are too high to be sustainable.
ON THE EIGHT BASIC UNITS OF A DYNAMIC ECONOMY CONTROLLED BY FINANCIAL INSTITUTIONS*
Authors: Shubik Martin 
Published: March 2005

The elegant general equilibrium world of Arrow and Debreu has had a considerable mathematical development in the last decade. Underlying this work is an extremely parsimonious model of the economic system. In particular, only one economic actor is distinguished, the consumer who maximizes his welfare (the firm which maximizes profit is an automation). One class of economic entities is considered. These are goods and services. There is no important operational distinction made between a good, which is durable, and a service, which is not.It is suggested here that a more fruitful basic economic model needed to achieve a unification of micro and macroeconomic theory needs both more actors and more basic economic units. Specifically, the structure of process in a political‐economy is such that even at the level of relatively abstract theory operational differences among consumers, entreprenuers, administrators, financiers, and politicans should be discernible. Furthermore, several basic economic entities (or “basic particle”) must play important discernible roles in an adequate theory. In partiuclar, in the “real sector” physical assets should play a mahor role, i.e., the distinction between durable goods and consumables or services should be important. The paper sector must also be present with the roles of flat money, ownership claims and contracts all distinguished. It is argued here that any economy can be characterized in terms of two real and six paper basic units: goods, services and six financial instruments. All other financial instruments can be obtained as mixtures of this basic set.
TAXES AND INCOME: A MICROUNIT ANALYSIS
Authors: Okner Benjamin A. 
Published: March 2005

The paper details the methodology used and the results obtained in a recently completed study of the total U.S. tax burden based on microdata survey files. The method of constructing the data base—the 1966 MERGE file—is discussed, and the needed imputations and adjustments to income and taxes to bring the file totals up to national income aggregates are described. An explanation is included of adjusted family income, a unique income concept used in the study to measure and compare tax burdens.The study involved the evaluation of errective tax burdens under eight different assumptions regarding the incidence of the various major taxes. Those assumptions are detailed and the results of the study are presented. The essential conclusion of the study is that the overall impact of the tax system is virtually proportional for 90 percent of the families in the United States regardless of the incidence assumptions used. However, substantial differences in tax burdens were found among various subgroups of the population.
TOTAL INCOMES IN THE UNITED STATES, 1959 AND 1969
Authors: Eisner Robert 
Published: March 2005

Preliminary estimates of the total incomes system of accounts (TISA) are provided for 1959 and 1969. They extend conventional accounts to include all consumption services produced by government and households as well as by enterprises, but define household purchases of durable and semi‐durable goods as investment. Acquisitions of capital throughout the economy, intangible as well as tangible, and not only in the business sector, are included in capital accumulation along with, for tangible capital, net revaluations, that is capital gains net of increases in the general price level. Imputations are offered for non market consumption and capital accumulation, most prominently in unpaid household work and education. Much of government output, particularly police services and defense, is recalculated as intermediate, along with expenses related to work, while media services, treated by the United States Bureau of Economic Analysis (BEA) as business purchases of intermediate product, enter into TISA consumption. Subsidies are included in the value of product, as are services of volunteers and imputations for the underpayment of military conscripts and of jurors. Separate accounts are offered for the national income and product, business, nonprofit institutions, government enterprises, government and households.The ratios of BEA to TISA Net National Product were 81.4 percent and 76.5 percent in 1959 and 1969, respectively. BEA national income was 74.1 percent of the corresponding TISA net national income in 1959 and 69.6 percent in 1969, reflecting a greater per annum rate of growth of TISA net national income, 7.49 percent, as against 6.82 percent for the corresponding BEA national income.BEA gross private domestic investment, restricted to business acquisitions of tangible capital at original cost, was estimated as only approximately 22 percent of comprehensive TISA gross domestic capital formation in 1959 and some 20 percent in 1969. The BEA net private domestic investment growth rate of 7.32 percent per annum from 1959 to 1969 may be compared with a TISA net domestic capital formation growth rate of 9.42 percent.
QUANTITY AND PRICE INDEXES FOR CONSTRUCTION
Authors: Jones C. M. , Garston G. J. , Ansmits A. E. 
Published: March 2005

Construction has traditionally constituted one of the problem areas in the preparation of industry price and quantity statistm with in the system of national accounts of most countries. The difficulty stems from what is considered to be the unique character of construction projects. This has unnecessarily impeded the calculation of output price indexes and has resulted in the use of various input‐based prices as proxies for output prices.One of the objectives of the development of the system of construction price statistics described in this paper is to permit deflation of the outputs of construction industries in order to produce industry output data in constant prices in a manner consistent with measures for the rest of the economy. This is a more promising approach to improving constant price industry and expenditure measures within the SNA framework than attempting such improvements through the collection of a vast array of quantity data.Construction industries sell specified configurations of materials‐in‐place which are, to borrow the jargon of other fields, sub‐assemblies of some total system. As in other areas of industrial pricing, some of these products are simple and some are complex. Trade contractors sell these sub‐assemblies or commodities mainly to an owner‐builder or to a general contractor who, in turn, resells the trade contractors’ commodities along with whatever sub‐assemblies the general contractor has produced. These sub‐assemblies, when combined with, for example, the relevant outputs (or sub‐assemblies) of manufacturers, the design services of service industries and the purchasers’ own contributions, yield the wide variety of plant and structures which constitute the various classes of gross fixed capital formation, which are not typically solely the outputs of the construction industries.The resulting contractors’ selling price indexes will provide deflators for the whole range of outputs of the various construction industries. These will become part of the system of industry selling price indexes from which relevant indexes for the various goods and services can be selected and combined with appropriate weights to yield arrays of deflators for the highly complex capital expenditures of business, institutions and government.Ultimately this integrated system of construction industry statistics will permit the preparation of gross output and value added measures, in both current and constant prices, to be calculated for the construction industries as an integral part of the Canadian System of National Accounts, as well as provide a key element for improving the deflation of fixed capital formation.
THE APPLICATION OF THE CONSTANT PRICE METHOD FOR EVALUATING THE TRANSFER RELATED TO INFLATION: THE CASE OF FRENCH HOUSEHOLDS
Authors: Babeau Andre 
Published: March 2005

The constant price method is used here to evaluate transfers related to inflation either between households and other economic agents (essentially enterprises) or among groups of households defined by occupation, age class and so on. The results obtained are only fragmentary due to a lack of many pieces of information. The method requires in fact the splitting up of every value variation into a price component and a size component.Nevertheless, some interesting results are shown. In recent years, if the total productivity surplus has always been positive, the wealth surplus of households is sometimes positive, sometimes negative. Concerning the distribution of the productivity surplus among household groups, it has not been possible to find significant distortions, other than those which are related to differences in the propensity to save. On the contrary, marked distortions appear in the distribution of the wealth surplus due to wide differences in estate composition and indebtedness level.
INTER‐OCCUPATION DIFFERENCES IN THE PATTERN OF MONETIZED AND NON‐MONETIZED CONSUMER EXPENDITURE IN RURAL INDIA*
Authors: Coondoo D́Ipankor , Mukherjee Robin , Prasada Rao D. S. 
Published: March 2005

This study attempts to examine the inter‐occupational differences in the patterns of cash and in‐kind expenditure in rural India on the basis of a special tabulation of The National Sample Survey (NSS), 18th round (February 1963‐January 1964) consumer expenditure data. The occupational groups considered here are (i) cultivators, (ii) agricultural labourers, (iii) other agriculture, and (iv) non‐agricultural occupations.The analysis is carried out primarily in terms of curves relating item‐specific cash/kind expenditure to total cash/total kind expenditure for fifteen selected item‐groups of expenditure. For each item‐occupation combination, four two‐parameter forms of Engel curve together with the log‐log‐inverse form are estimated and the comparisons across occupation groups are made separately on the basis of each of the two‐parameter curve forms which were found to give the best fit for at least one occupation group as well as the log‐log‐inverse form, using analysis of covariance technique.The results indicate that so far as the cash components of item expenditures are concerned, the pattern of expenditure is considerably influenced by occupational factors. It is observed that cultivators have a cash expenditure pattern different from those of agrictural labourers and of households with non‐agricultural activities. The comparison of the kind expenditure patterns does not, however, reflect any clear picture primarily because in most cases the itemwise kind expenditure functions could not be estimated satisfactorily. This analysis also suggests that the specification of itemwise cash and kind expenditure functions employed here may not be the most satisfactory ones in an economy with a high degree of non‐monetization and therefore alternative specifications need be examined.
EXPANDING IMPUTED VALUES IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS*
Authors: Kendrick John W. 
Published: March 2005

After defining economic activity the author lists the chief types of non–market economic activities for which he has prepared estimates for the United States 1929–1973, and briefly describes his methodology and data sources. Some major findings are:(1) As of 1973 GNP adjusted to include the additional imputations was 63.5 percent larger than the official estimate.(2) At least since 1929 imputed values have grown faster than official GNP, especially when both are measured in terms of real factor costs.(3) The personal sector comprises a far larger portion of the national economy‐almost one‐third—when account is taken of imputed labor and property compensation, and its relative importance has grown.(4) Gross government product is more than 60 percent higher when the imputed rental value of public property is added to the compensation of general government employees.(5) Reflecting the relative growth of non‐business wealth, imputed property income has risen much faster than monetized property income. This has mitigated the decline in the property share of expanded gross national income compared with its share in the official estimates.
CONSUMER SERVICES PROVIDED BY BUSINESS THROUGH ADVERTISING‐SUPPORTED MEDIA IN THE UNITED STATES
Authors: Cremeans John E. 
Published: March 2005

The purpose of this paper is to examine and attempt to solve a longstanding “puzzle” in national economic accounting. Radio and television broadcasting are services clearly designed for and used by consumers but not purchased by them and, consequently, not counted in personal consumption expenditures (PCE); the costs of broadcasting (and a part of the costs of newspaper and magazine publication) are not counted in final product but are counted as intermediate expenses in the manufacture and distribution of advertised products. An important result of this treatment is that an increase in broadcasting services will not increase real product, but will be reflected as price increases in advertised goods. Are consumer services provided by advertisers properly handled in the conventional accounts? How should they be valued? If their value is to be added to PCE, where does the offsetting income originate?The paper argues that the puzzle is resolved by recognizing the nonmarket exchange between the consumer and the broadcaster; the consumer provides the reception and display of audiovisual advertisements in his home in return for broadcast entertainment. The exchange rate‐e.g. 501/2 minutes of entertainment for 91 minutes of commercial messages in “prime time”‐is established in the United States by the National Association of Broadcasters. Similar exchanges occur between consumers and radio broadcasters, newspaper and magazine publishers. This concept is used as the basis for a new treatment shown in abbreviated sample accounts. Estimates for the U.S. in 1976 are included.
THE DISTRIBUTION OF INCOME IN TRINIDAD AND TOBAGO, 1957–76*
Authors: Dookeran Winston 
Published: March 2005

This article describes what happens to income distribution during intensive changes in gross domestic product due to external market conditions. It deals specifically with an open market petroleum‐based economy, Trinidad and Tobago, and reviews changes in national product and income levels and the income distribution pattern over the twenty year period 1957–76.The paper argues that during the period characterized by subperiods of steady growth and rapid growth in GDP (the latter associated with the petroleum price rise), income inequality increased between 1957 and 1972 and then decreased in the post petroleum‐price‐rise period of rapid growth 1973–76. While the effect of intensive changes in national product did trickle down to the lower income groups, income inequality in 1975–76 was greater than that existing in 1957–58. An examination of the spatial, occupational and temporal aspect of the distribution pattern points towards the elimination of structural dualism in the economy as the surest path towards greater income equality in Trinidad and Tobago.
IS U.S. GROWTH UNDERSTATED BECAUSE OF THE UNDERGROUND ECONOMY? EMPLOYMENT RATIOS SUGGEST NOT
Authors: Denison Edward F. 
Published: March 2005

Has the underground economy caused the increase in United States GNP in recent years to be understated relative to earlier periods? The ratio of employment to population provides powerful evidence that it has not. This ratio’ was as high in the middle 1970s as in previous periods and in 1978–80 rose to its highest level of the postwar era, suggesting that employment growth has not been understated. Employment series based on both establishment reports and household surveys yield exceptionally high ratios in recent years. This article provides a step‐by‐step explanation of why employment data are pertinent to the question raised about GNP.This explanation may be summarized as follows. GNP measured as the sum of final products is not understated unless GNP measured as the sum of national income and other charges against GNP is also understated. Appreciable understatement of the growth of charges against GNP as a result of growth of the underground economy is highly unlikely in the absence of understatement of the growth of wages and salaries, because of the way the estimates are made. Understatement of the growth of wages and salaries without understatement of the growth of employment based on establishment reports is highly unlikely because of the way data are collected.The article explains briefly the relationship between income tax evasion and errors in measuring the various components of charges against GNP. It also explains how illegal activities are meant to be handled in GNP measurement.