The national accounts and economic development: more questions than answers

Abstract

The National Statistics Coordination Board (NSCB) is being less than candid when it claims that it is just a compiler of the national accounts and that it has avoided economic theories in doing so. As in the earlier clarificatory note, we would not wish to comment on the economic theories and expectations or speculations as to how the economy and its components should be performing;this article is written purely from the point of view of the NSCB as the compiler of the national accounts of the Philippines.