Change of contractor’s status in the system of national accounts

Abstract

It is assumed that methodological foundation of national accounting is based on the principles of political economy, accounting and statistics. However, the author of the present paper believes that market turnover reproduction processes, as well as interaction of the given processes, were not sufficiently covered in periodicals dedicated to the SNA problems. Thus, the timeliness of the paper is associated with an attempt to show that the substance of the fundamental law of self-preservation in the context of unbalanced estimates regarding modern reproduction and real market turnover appears either as conservatism trends, or development trends in the market economy. The aim of the present paper is to determine specifics of dual substance of counterparties in the national economy, which establishes their status as producers and consumers. Problem analysis referred to reproduction regularity formalization, an effect of such regularities on market turnover, as well as building a logical scheme and subordination of reproduction categories, make it possible to achieve the goal and identify a study algorithm regarding counterparty status change. The author of the paper applies methods of “pure economy†– mathematical methods, in particular, as well as methods of political economy, including a dialectics method. The results obtained in terms of new knowledge on interaction of reproduction processes and market turnover make it possible to determine current trends in the economic system. Moreover, description of a generic term, material basis, form of function and system-defined quality helps estimating a degree of dominant feature combination, determine counterparties’ ability to develop or preserve various production activities, and, finally, stimulate ability to change status of counterparties. The main conclusion of the present paper is that the SNA can be treated as an “ex-ante†analysis within the suggested approach, rather than an “ex-post†analysis suggested by traditional “Economics†. And such treatment meets the requirements of the new economy, i.e. economy of knowledge, based on predictive modeling of economic processes.