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The gross domestic product of Czechoslovakia, 1970-1980 (English)

The paper considers the theoretical and practical problems connected with the estimation Gross Domestic Product (GDP) for the centrally planned economy of Czechoslovakia. In the methodological part the basic differences between the SNA (System of National Accounts) and MPS (Material Product System) accounting systems are discussed and several transformation procedures are presented. The price formation used in Czechoslovak MPS aggregates is briefly described before the problem of converting the data in national currency to US dollars is highlighted. Alternative GDP estimates, exchange rates and growth rates are compared. Own estimates, based on the purchasing parity type comparison with Austria, are presented in comparison with official Czechoslovak indexes. The appendices contain the detailed description of MPS/SNA transformation procedures as well as the statistical tables illustrating the process of GDP reconstruction based on Czechoslovak data for the period 1970-1990.

Details

  • Author

    Havlik, Peter Levcik, Friedrich

  • Document Date

    1985/11/30

  • Document Type

    Staff Working Paper

  • Report Number

    SWP772

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Czech Republic,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2010/07/01

  • Doc Name

    The gross domestic product of Czechoslovakia, 1970-1980

  • Keywords

    data on primary;system of national accounts;government final consumption expenditure;consumption of fixed capital;fresh fruit and vegetable;per capita gnp;producer price;primary income;centrally planned economy;personal transport;turnover tax;gross domestic product;official exchange rate;wages and salary;rate of profit;panel of expert;purchasing power parity;Exchange Rates;national currency;gnp per capita;point of departure;gross capital formation;net material product;cost of production;cost of service;data on income;national income statistic;fixed capital stock;differences in results;system of price;agriculture and forestry;fixed capital formation;net indirect tax;means of production;net output;labour income;statistical information;market price;productive sphere;foreign trade;market economy;national committee;intermediate consumption;household expenditure;cooperative activity;price reform;gross output;Global Indicator;statistical table;consumer goods;personal consumption;travel expenses;statistical data;relative price;consumption good;national economy;budgetary organization;price formation;communal services;money income;communication service;real growth;communication services;budgetary expenditure;business travel;state budget;relative change;budgetary institution;constant price;residential households;material consumption;commodity group;profit rate;agricultural product;production cost;Public Transport;adequate information;conversion rate;transport rate;population data;construction work;investment good;intermediate product;Price Subsidies;cultural goods;trade mark;missing item;retail price;benchmark information;private consumption;benchmarking data;benchmark data;retail trade;price difference;national peculiarities;statistical yearbook;statistical practice;research program;housing stock;classified information;social product;social security;industrial consumer;future research;financial cost;rural area;population census;price movement;wage earner;manufactured goods;housing subsidy;supply situation;internationally comparable;external market;internal conversion;dollar value;transaction price;financial accounting;foreign payment;net outflow;present study;methodological problems;study including;data availability;budget expenditure;productive purposes;industrialized country;Industrialized countries;external transactions;accurate estimate;price level;external balance;merchandise trade;exceptional circumstance;world economy;comparative analysis;universal coverage;conversion factor;project sponsor;fixed proportion;planning authority;fixed asset;Research Support;Fixed Assets;calculation methods;accounting framework;comparable data;pricing system;economic reform;important component;global economy;trade organization;official estimates;

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Citation

Havlik, Peter Levcik, Friedrich

The gross domestic product of Czechoslovakia, 1970-1980 (English). Staff working paper ; no. SWP 772 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/944341468771717484/The-gross-domestic-product-of-Czechoslovakia-1970-1980