By A. Vanoli
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Extra info for A History of National Accounting
To estimate the inputs corresponding to the industries, a kind of commodity flow method is used, in which supply within the domestic market is distributed among the different uses based on the characteristics of the commodities. Viggo Kampmann, an economist who will become Prime Minister at the beginning of the 1960s, develops this method in a Danish project launched towards 1935 with the objective of covering the current decade. He applies the commodity flow method, starting from an estimate of total supply and analysing this supply according to its use.
From Estimates o f National Income to Construction o f Accounts fo r the Nation position of the USA observed during the 1950 First International Conference on Input-Output Economic Analysis will be lost forever. However, setting-up input-output tables will start again in 1959 at the Office of Business Economics, later the Bureau of Economic Analysis (BEA), in very close connexion with the US national accounts: compilation of input-output tables every five years, starting in 1958, with a failed attempt in the mid-1970s to complement them with yearly tables utilizing very simplified techniques.
E. the landowners, the Church, the State and their employees so they can pay their purchases from the productive class (1 billion) and from the sterile class (1 billion). This net product is the difference between total agricultural output (5 billion) and the advances made (2 billion o f annual advances and 1 billion of interest or replacements of “avances primitives”: the working capital). This scheme, briefly summarized here, shows the first analysis of the economic circuit in terms of both flows o f value and flows of goods among large groups o f the society, an anticipation of what will be done in the 20th century.
A History of National Accounting by A. Vanoli