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Part I: (Proposed Changes in the Measurement of National Product by the Department of Commerce) Report on Tripartite Discussions of National Income Measurement

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  • Economics

Abstract

This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Studies in Income and Wealth Volume Author/Editor: Conference on Research in Income and Wealth. Volume Publisher: NBER Volume ISBN: 0-870-14165-1 Volume URL: http://www.nber.org/books/unkn47-1 Publication Date: 1947 Chapter Title: Part I: (Proposed Changes in the Measurement of National Product by the Department of Commerce) Report on Tripartite Discussions of National Income Measurement Chapter Author: Edward F. Denison Chapter URL: http://www.nber.org/chapters/c5679 Chapter pages in book: (p. 3 - 22) • REPORT ON TRIPARTITE DISCUSSIONS OF NATIONAL INCOME MEASUREMENT EDWARD F. DENIs0N IN SEPTEMBER 1944 representatives of the agencies preparing • the official estimates of national income for the United King- dom, Canada, and the United States met in Washington to ex- change views on the more difficult problems of national income estimation and, if possible, to bring about uniformity in termi- nology and in the treatment of controversial items. The meet- ings were attended by Richard Stone of the United Kingdom Central Statistical Office, the late George Luxton of the Do- minion Bureau of Statistics, and Milton Gilbert, Ernest Doblin, George Jaszi, Charles F. Schwartz, William H. Shaw, Dwight B. Yntema, and myself of the National Income Unit of the United States Department of Commerce. The discussions were stimulating and led, partly through per- suasion, partly through compromise, to substantial agreement on most of the principal matters at issue. Steps have been initi- atect in each country to implement these decisions by adjusting the published estimates. Uniformity in definition among these three major countries should greatly simplify the problems of the users of national income statistics. It is hoped that other coun- tries may follow the treatment agreed upon. It was originally intended that Messrs. Stone and Gilbert should prepare a jo

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