关键词: FISIM, 物量核算, 存量缩减法, 产出指标法

Abstract: The nominal output of FISIM is much more subject to price than any other industry, so the FISIM volume account is more than necessary. However, China’s FISIM volume accounts have obvious defects and are unable to truly reflect the actual development of FISIM, which needs urgent reform. This paper compares the advantages and disadvantages of the deflation method and output indicators method. It shows that the deflation method is more practicable in China, which not only makes FISIM volume accounts to match with current price accounts but also eliminates the price factor in FISM. Therefore the paper suggests the deflation method to reform China’s FISIM volume accounts. According to the practice test with China’s basic data, it is better to choose Fisher Index to construct the FISIM volume index. Then, the non-chain volume output, chain volume output, and growth rate of China’ s FISIM from 2017 to 2018 are measured with this index. It shows that the growth rate of FISIM is stable and slightly higher than GDP growth and its change trend is consistent with GDP growth. These results are consistent with the rapid development of China’ s financial industry in the last decade.

Key words: FISIM, Volume Accounts, Deflation Method, Output Indicators Method