Jump to ContentJump to Main Navigation
Personal Wealth from a Global Perspective$
Users without a subscription are not able to see the full content.

James B. Davies

Print publication date: 2008

Print ISBN-13: 9780199548880

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199548880.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 20 April 2019

Estimating the Balance Sheet of the Personal Sector in an Emerging Market Country: South Africa, 1975–2005

Estimating the Balance Sheet of the Personal Sector in an Emerging Market Country: South Africa, 1975–2005

Chapter:
(p.196) 10 Estimating the Balance Sheet of the Personal Sector in an Emerging Market Country: South Africa, 1975–2005
Source:
Personal Wealth from a Global Perspective
Author(s):

Janine Aron (Contributor Webpage)

John Muellbauer

Johan Prinsloo

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199548880.003.0010

Official balance‐sheet estimates for the household sector are not currently available in South Africa, yet, with the country's well‐developed financial sector and deep capital markets, asset market channels are likely to be important determinants of aggregate consumer spending and saving, consumer demand for credit, and their broad money holdings. This study produces estimates of household balance sheets for South Africa. The study draws, where feasible, on best practice from the Office of National Statistics of the UK and assesses the quality of the data sources and suggests areas where additional surveys or improvements in data‐collection procedures would be helpful further to improve the quality of the balance‐sheet estimates. Furthermore, quarterly balance‐sheet measures to 2005 are provided, and linked to quarterly measures. The main balance‐sheet categories are liquid assets, household debt, and various categories of illiquid financial and tangible assets, including pension wealth, directly held shares and bonds, and housing. Revised debt estimates and new estimates of tangible assets for households and unincorporated businesses are provided. The study describes the trends of the estimates of the household sector's balance sheets and of total net wealth. The paucity of data for developing and emerging market countries is illustrated by means of a survey, and lessons are drawn from the South African research for the compilation of household‐sector balance sheets.

Keywords:   emerging market countries, unincorporated businesses, household sector wealth, South Africa

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .