Hostname: page-component-745bb68f8f-b6zl4 Total loading time: 0 Render date: 2025-01-12T15:35:31.106Z Has data issue: false hasContentIssue false
  • English
  • Français

The Treatment of Interest on the Public Debt in the National Accounts

Published online by Cambridge University Press:  07 November 2014

R. B. Crozier
R. B. Crozier*
Affiliation:
Ottawa
Get access

Abstract

An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Notes and Memoranda
Information
Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 25 , Issue 4 , November 1959 , pp. 501 - 503
Copyright
Copyright © Canadian Political Science Association 1959

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1 This Journal, XXV, no. 2, May, 1959, 214-20.

2 Although the imputation of a rent on government-owned buildings is mentioned by Professor Buckley as one of the changes in the new National Accounts series, he fails to connect this with the problem of measuring the income generated by government-owned productive assets.

3 See the report prepared by a group of experts on national income appointed by the Secretary General of the United Nations: System of National Accounts and Supporting Tables (New York, 1953), 32.Google Scholar Some authorities have argued that all interest should be viewed as a transfer payment whether paid by government or business. See, e.g., Ohlsson, Ingvai, On National Accounting (Stockholm, 1953), 162.Google Scholar In this view, interest payments are simply a redistribution of income and should not be regarded as a remuneration for factor services. The application of this line of reasoning would alter the present definition of profits in the business sector but would have no effect on the level of national income.