Luttik describes the construction method for a global accounting framework, referred to as the World Accounting Matrix, which allows for the consistent presentation of international trade and finance in a global context, contributing to the solution of statistical problems in macroeconmic data. In the INTERNATIONAL FINANCE AND DEVELOPMENT series.

This volume describes the construction method for a global accounting framework, referred to as the world accounting matrix (WAM). The WAM allows for the consistent presentation of international trade and finance figures in relation to domestic saving and investment. The book aims to show how a WAM can be used for the analysis of trade and finance in a global context. It also seeks to show how WAM can contribute to the solution of the large statistical problems in national and global macroeconomic data.

Introduction - Concepts, Definitions and Classifications for the World Accounting Matrix - Data Sources and Data Problems - The Construction of World Accounting Matrices for 1970, 1975 and 1985 - A Presentation and Interpretation of the Reconciled WAMs - Global Linkages in the Reconciled WAMs - Constant Market Share Analysis - Summary and Conclusions - Appendices