The Most Recent Input-Output Table: A Milestone in Soviet Statistics

The paper reproduces the 18 × 18 sector Soviet input-output table for 1988 which became available in the West in April 1990, but has not been published in the USSR. The layout (quadrants) and selected elements of the table are described and briefly analyzed. Because the hitherto unavailable statistics facilitate the analysts of a variety of critical issues such as the price reform, defense expenditures, and private incomes and taxation, the input-output table is regarded as an important contribution as well as a milestone in the gradual process of releasing economic data in accordance with the policies of glasnost'. Journal of Economic Literature, Classification Numbers: 027, 052, 222.     

On the reliability of Chinese economic data

China is no exception to the rule that economic data for developing countries suffer from substantial margins of error. R. P. Sinha, however, exaggerates the shortcomings of Chinese economic data. A brief review of evidence regarding statistical capacity and statistical veracity supports the view that economic data emanating from the People's Republic represent the fruits of Peking's increasingly effective efforts to monitor China's economy. For China, as for India, Meiji Japan or pre‐industrial Europe, careful empirical research can and does produce results which are not guesses, but estimates of actual economic magnitudes.