The Journal of Income and Wealth
Year : 2003, Volume : 25, Issue : 1&2
First page : ( 72) Last page : ( 82)
Print ISSN : 0000-0000.

Measuring gross value added of private life insurance companies

Sharma Rajiv, Joshi Kaushal, Jakhar S.S.

National Accounts Division Central Statistical Organisation

JEL Classification: E31, E50

Abstract

The estimation of implicit output and thereby Gross Value Added(GVA), if done by direct application of the formula suggested in the 1993 SNA, for those insurance companies which have entered in the life insurance business for the first time, may result in negative value addition. This does not sound logical and calls for adjustments in the methodology. Alternative approaches have been attempted to overcome this situation.

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