Abstract

The estimates of economic development in the countries of the socialist block were carried out in the framework of the so-called Material Product System (MPS). At that time the product was perceived more narrowly than today's gross domestic product (GDP). It included only the material goods and productive services (services that accompanying the circulation of goods). Non-productive services and services provided on non-market basis were not included in the estimates. The authors present their own methodology for data transformation based on MPS into (today's) System of National Accounts (SNA), on the basis of carrying out the reconstruction of the historical time series of the gross domestic product of the Czech Republic in the period between the years 1970 and 1989 in the current methodology. The results of this work will enable other users to perform analysis on significantly longer time series of gross domestic product, including the structure of its uses and resources. The authors primarily base the transformation of the original data on global product and national income (in the MPS methodology) contained in the balance of national income and symmetric input-output tables. Historical time series of GDP for the period has not been estimated for the Czech Republic yet.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call