Dollar GNPs of the U.S.S.R. and Eastern Europe

Dollar GNPs of the U.S.S.R. and Eastern Europe
Author: Paul Marer
Publisher: Johns Hopkins University Press
Total Pages: 264
Release: 1985
Genre: Business & Economics
ISBN:

Centrally planned economies (CPEs) account for about a third of the world's population and about a fourth of its output. In view of their importance in the world economy, they need to be included in international comparitive studies. Their inclusion, however, presents problems for several reasons. First, CPEs report net material product, not gross national product (GNP). Also, their prices are set and exchange rates are set administratively, so that conversion to dollars is problematic. Finally, they compute growth rates using methods that in most cases are strongly upward biased. This report tries to identify and evaluate alternative methods for computing the levels and growth rates of the GNPs of centrally planned economies and to undertake illustrative benchmark year computations.

National Accounts and the Estimation of Gross Domestic Product and Its Growth Rates for Romania

National Accounts and the Estimation of Gross Domestic Product and Its Growth Rates for Romania
Author: Marvin R. Jackson
Publisher:
Total Pages: 128
Release: 1985
Genre: Business & Economics
ISBN: 9780821306376

This paper reviews the official estimates of Romania's net material product (NMP) and gross domestic product (GDP) and the underlying methods. It also reviews the data on growth rates of NMP and GDP. The paper identified possible sources for biases in the estimates of levels of NMP or GDP in the agricultural, services and foreign trade sectors and also of the growth rates of overall NMP and GDP. It then considers a few alternative exchange rates to convert the national currency GDP into US dollars and shows resulting per capita GDP numbers in US dollars.