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Extra resources for A History of National Accounting
Although the 1936 publication passed unnoticed, the input-output analysis attracts attention in 1941, as its appearance coincides with the entrance of the USA into the war. From then on, the input-output technique is envisaged, not so much to analyse the war economy, as to study the effects of demobilization, initially mainly on employment. The Bureau of Labor Statistics (BLS) creates a team, under Leontief’s direction, to put together an input-output table (IOT) for 1939 (preliminary publication in February 1945) to be used for several purposes.
The situation o f which Colin Clark complains will soon change in Great Britain. That is not the case for France, which will be lagging behind with poor statistics and a lack of official interest. Leopold Duge de Bernonville, a statistician from France’s General Statistics, carries on Clement Colson’s works for 1913, and publishes annually and privately an estimate o f private incomes from 1933 to the war, in the Revue d'Economie Politique. He will also cover the period 1920-1939 but with a weak statistical basis.
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. c) Home Investment in stocks d) Costs involved in transfer of property 20. Foreign Investment 5. Total Net National Income at Factor Cost 14. Total Net National Output at Factor Cost 21. Total Net National Expenditure at Factor Cost government and the rest o f the world. Main emphasis is placed on net aggregates at factor cost (on the concept of factor cost see chapter 6, section 4 and Box 45), but the net aggregates for income and expenditure are also presented at market prices.