Study On The Preparation And Application Of Chinese National Income Accounting Matrix

Our country faces a period of overall transformation of the economic development, the nationalincome distribution problem has been well known by the whole society and caused great concern athome and abroad, but the unreasonable income distribution relationship between sectors of thenational economy has not aroused enough attention, the domestic research on the incomedistribution relationship and the system among government, non-financial enterprises, financialenterprises, residents and foreign only stay in the primary distribution of national income, theredistribution relationship has not been much involved. In terms of methodology, but also needs thecombination of the system of national economic accounting, innovation of the research methods,in-depth study of the use of statistical methods of domestic and foreign advanced. This paper firstdesigned and developed for the annual national income accounting matrix "section*transaction"(or "Section-BY-Transaction", abbreviated as "S-BY-T") and "section*section"(or"Section-BY-Section", abbreviated as "S-BY-S"), and on this basis to design and establish a set ofspecialized system model and the analysis methods, to connect the initial distribution andredistribution of national income, to simulate the flow and transitive relation in the sector, toanalysis of the distribution of national income and redistribution relationship between departmentsin a more macro level, to improve our country’s national income distribution structure, to providethe government the basis for the formulation of national income allocation policy, but also topromote the academic research of China’s national income allocation problem to a deeper andhigher level forward to contribute. The main research contents of this paper are as follows:1.Preparation of the national income accounting matrix "S-BY-T" and "S-BY-S"The national income accounting matrix includes two kinds of table, which are "S-BY-T" and"S-BY-S" table. This part designs the two kinds of table, and introduces the balance of each table,then prepares the two tables using the actual data of China’s national income. The preparation ofnational income accounting matrix "S-BY-T" table can be handled directly by the flow of funds inreal transaction data of double entry accounting, and the national income accounting matrix"S-BY-S" table data needs to be based on "S-BY-T" statement,"S-BY-T" table data transferring todepartments. The methods of transferring the national income accounting matrix "S-BY-T" to"S-BY-S" table has two kinds, respectively is the department of payment transfer method and thedepartment of income transfer method, the paper introduce the two transfer methods in detail, andhas used department of income transfer method to transfer data.2.Preparation of the national income accounting matrix extension tableThe data of the national income accounting matrix is from the flow of funds table of real transaction by State Statistical Bureau released, but China’s flow of funds table of real transactiondata generally has2-3years time lag. In2013, the state released the latest statistical yearbook ofChina in the flow of funds table of real transaction data only to2009, the official data has great lag.To prepare the2010-2011years’ National income accounting matrix, it is must to predict the datarelates to national income accounting matrix of the income and expenditure firstly. The paper hasdesigned a set of national income flow combined forecasting model to predict unknown yearnational income accounting matrix table data, the combined forecasting model contains the specialstate space model, the dynamic equilibrium of the simultaneous equation model of national income,RAS, dual matrix RAS and so on.3. Construction of the national income accounting matrix analysis framework and applicationBased on the national income accounting matrix "S-BY-T" table can analyze of the incomedistribution relation from different point of view, such as analysis content, analysis tools, analysisobject, analysis period, analysis methods. That is to say the analysis of department incomedistribution relationship based on the national income accounting matrix "S-BY-T" can from theprimary distribution, redistribution and revenue angles; the static and dynamic angles; flowcoefficient and flow angles; matrix; multiplier model and equilibrium model angles etc. With thenational income accounting matrix "S-BY-T" as the foundation, we can get three sets of coefficientmatrixes, respectively is the department of revenue market share matrix and the department ofexpenditure market share matrix; the department of revenue structure coefficient matrix and thedepartment of expenditure structure coefficient matrix; the department of revenue distributionstructure matrix and the department of expenditure distribution structure matrix. Based on thenational income accounting matrix "S-BY-S" can analyze the income distribution relationshipamong departments on the flow and the coefficient. Based on "S-BY-S" table, we can get two setsof coefficient matrix, respectively the department direct income coefficient matrix and thedepartment direct expenditure coefficient matrix; the department of income distribution coefficientmatrix and the department of expenditure distribution coefficient matrix. The paper combines theflow and the coefficient matrix of the national income accounting matrix to describe how toanalysis the national distribution based on the national income accounting matrix.4. The design of the national income accounting matrix multiplier model and ApplicationWith the national income accounting matrix as the foundation, we can deduce the disposableincome of the department multiplier model, the value added of the department multiplier model, thenet production tax revenue of the trade multiplier model, the labor remuneration expenditure of thetrade multiplier model and so on. Through the four multiplier model’s reduction, we can be moreclear understanding of national income distribution. From the disposable income of department multiplier model, it can extract total income multiplier, dependency and dependency degreecoefficient, support and support degree coefficient; from the value added of the departmentmultiplier model, it can extract complete payment multiplier, influence and influence coefficient,sensitivity and the sensitivity coefficient; from the net production tax revenue multiplier model, itcan understand the effects of government net production tax revenue to other income transactions;from the labor remuneration expenditure of the trade multiplier model, it can understand the impactof the laborers’ remuneration expenditure on other expenditure transactions project. The paperrespectively describes the sets of the multiplier models, and use it to make a further analysis of therelationship between China’s national income distribution.