A technique for producing balanced national accounts was described by Stone, Champernowne and Meade in 1942, but
there has so far been little use of the method in official publications. This article describes the experimental work undertaken
recently by the Central Statistical Office and offers a personal view of the potential for further development. A variation of the
original method of Stone et al, called partitioned balancing, seems likely to be useful in complex cases.
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References
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Stone, J.R.N., Champernowne, D.G., and Meade, J.E., (1942), 'The precision of national income accounting estimates', Review ofEconomic Studies, vol. 9, pp. 111-25.
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