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By A. Vanoli
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Example text
The Netherlands publishes official estimates in 1933, beginning with the income for 1929 and for some previous years. They constitute the basis for a project of improvement, under Jan Tinbergen’s (1903-1994, Nobel Prize 1969) leadership, in order to provide a better statistical base for the econometric model of the Dutch economy that he presented in 1936. The method based on output by activity is associated, on a supplementary basis, with the preferred one based on income, although an assumption of an evasion rate o f 10% on taxable income has been accepted.
Personal Consumption at Market Prices 1. Rents 6. Net output o f agriculture 2. Profits and interest 7. Net output of mining 3. Salaries 8. Net output of industry Wages 9. Net output of transport 4. 10. Net output of distribution 11. Net value o f personal services 12. Net value o f government services 13. Net income from abroad 16. Current Government Expenditure on Goods and Services 17. Government subsidies 18. Less indirect taxes 19. Home Investment: a) Gross Home Investment in Fixed Capital b) Less Depreciation, Renewals, Repairs, etc.
Those were the days of enlightened amateurs. Studenski distributes, or mentions, praises and blames. This is a frequent problem even nowadays; most results presented by authors lack the required documentation. Petty, the real father of the idea, does not vacillate in drawing conclusions beyond the reach that the quality of his statistics allows. King is more careful, and according to Studenski (ibid. p. 30) is the “prototype o f the modem statistician”. In contrast, Boisguillebert seems to 14 Chapter 1.