This clear and concise Advanced Introduction to National Accounting
explores the post-1960 modernization of national accounting. John
M. Hartwick offers insights into the arrival of Total Factor
Productivity (TFP) and user cost, highlighting the importance of
Tornqvist index numbers and translog production, cost and utility
functions in its modernization. Key features include: an
exploration of personal income distribution and national accounting
an exposition of the links between various forms of utility
functions and index numbers a chapter devoted to the incorporation
of the decline in stocks of natural capital into the national
accounts a report on the measurement of welfare and GDP change
arising from technical change and shifts in a nation's terms of
trade. An important read for economics and accounting scholars,
this Advanced Introduction offers useful insights to the key topics
around national accounting. It will be a helpful tool for students
on advanced macroeconomics and economics of natural resources
courses.
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