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Problems of International Comparison of National Wealth

A. L. Vainshtein

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Abstract

International comparison of such generalizing indices as national wealth, national income, and national economic accumulation yields the most significant results and the most concise idea of the countries compared. Among the comparisons of synthetic indices, the comparison of national wealth may well be the most important since national wealth represents the key factor determining the national income, the level of labor productivity, and, in the last analysis, the living standards of the people. Unfortunately, however, insufficient attention has been given to the calculation and international comparison of national wealth indices.

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International comparison of such generalizing indices as national wealth, national income, and national economic accumulation yields the most significant results and the most concise idea of the countries compared. Among the comparisons of synthetic indices, the comparison of national wealth may well be the most important since national wealth represents the key factor determining the national income, the level of labor productivity, and, in the last analysis, the living standards of the people. Unfortunately, however, insufficient attention has been given to the calculation and international comparison of national wealth indices.

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Available abstract

International comparison of such generalizing indices as national wealth, national income, and national economic accumulation yields the most significant results and the most concise idea of the countries compared. Among the comparisons of synthetic indices, the comparison of national wealth may well be the most important since national wealth represents the key factor determining the national income, the level of labor productivity, and, in the last analysis, the living standards of the people. Unfortunately, however, insufficient attention has been given to the calculation and international comparison of national wealth indices.

Key concepts: National wealth, Measures of national income and output, National accounts, National standard, National Income and Product Accounts, National economy, Economics, Productivity

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