business registers and national accounts
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Business Registers and National accounts. Piet Verbiest. National accounts. Supply and use tables. Labour accounts. Sector accounts. National accounts Key features Exhaustiveness Population Transactions (a.o. hidden economy). National accounts Key features Consistency Identities - PowerPoint PPT PresentationTRANSCRIPT
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Business Registersand
National accounts
Piet Verbiest
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Supply and use tables
Sector accounts
National accounts
Labour accounts
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National accounts
Key features
Exhaustiveness
• Population
• Transactions (a.o. hidden economy)
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National accountsKey features
Consistency
• Identities
• Plausibility relations
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National accounts
Estimating GDP
Basic identities of NA:
1. Y= P – IC
2. Y = C + I + E – M
3. Y = W + OS/MI
1.+ 2. => P+M = IC + C + I + E
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National accounts
supply and use Supply and use table
Supply UseIndustries Imports Total Industries Consumption Capital Exports Total
Supply formation use
C
omm
oditi
es
P
+ M
IC
+ C
+ I
+ E
P M IC C I E
Value added = Y
IC + Y = P
P+M = IC + C + I + E
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National accounts
Globalisation
Inconsistency
• National
• International
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Globalisation and national consistency Transactions in goods and
services
Country ACountry A
Country BCountry B
Unit AUnit A
Unit BUnit B
owner of inputs owner of inputs and outputsand outputs
processingprocessing
Raw materialsRaw materials
5050
SalesSales
120120FF
ee
e e 6060
ss
Balanced supply and use Balanced supply and use
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Globalisation and national consistency Flows of goods and services
Country ACountry A
Country BCountry B
Unit AUnit A
Unit BUnit B
owner of inputs owner of inputs and outputsand outputs
processingprocessing
Supply and use not balancedSupply and use not balanced
Raw materialsRaw materials
5050
SalesSales
120120FF
ee
e e 6060
ss
5050 110110
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Globalisation and national consistency Flows of goods and services
Country ACountry A
Country BCountry B
Unit AUnit A
Unit BUnit B
Imputed owner Imputed owner of inputs of inputs
and outputsand outputs
processingprocessing
Supply and use not balancedSupply and use not balancedBalanced supply and use Balanced supply and use
owner of inputs owner of inputs and outputsand outputs
Raw materialsRaw materials
5050
SalesSales
120120FF
ee
e e 6060
ss
5050 110110
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Globalisation and international consistency Flows of goods and services
Country ACountry A
Country BCountry B
FF
ee
e e 6060
ss
5050 110110
FF
ee
e e 6060
ss
many of these problems caused by MNE’s many of these problems caused by MNE’s
=> international coordination would help national accounts=> international coordination would help national accounts
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National accounts
Production / Input-output view
Industry classification:
Theory: homogeneous I/O-structure
Practice: …….
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Outsourcing and production structure
Do-it-yourselferOutputCars 100
Intermediate consumption Basic materials metal 25Basic materials plastic 20Basic material glass 2Parts of metalParts of plasticParts of glassServices Total 47
Value added 53
Outsoucer
100
2 2 1
55 5 52090
10
Assembler
100
221
555 5
70
30
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National accounts
Production / Input-output view
Industry classification:
Theory: homogeneous I/O-structure
Practice: not (very) homogeneous
Is the KAU still usefull for NA?
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System of national accounts
Revised
More focus on change of owner ship
* Closer link with “montairy economy”
* Less priority for production view
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Globalisation and the new SNA
Country ACountry A
Country BCountry B
Unit AUnit A
Unit BUnit B
owner of inputs owner of inputs and outputsand outputs
processingprocessing
Raw materialsRaw materials
5050
SalesSales
120120FF
ee
e e 6060
ss
5050 110110
New SNA: New SNA:
* Do we still need the KAU? * Do we still need the KAU?
* International coordination of MNE-transactions * International coordination of MNE-transactions
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National accounts and adminstrative data
• Reduction of response burden
• Cut in resources of SN
=> increasing use of administrative data
o.a. tax registers
Problem: each register has its own units
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EENN
RR
TTEE PP II RREE SS
GG
RR
OO UU PP
““Adminstratieve” unitsAdminstratieve” units
VAT unitsVAT units
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EENN
RR
TTEE PP II RREE SS
GG
RR
OO UU PP
““Adminstratieve” unitsAdminstratieve” unitsUnits for taxes on wagesUnits for taxes on wages
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EENN
RR
TTEE PP II RREE SS
GG
RR
OO UU PP
““Adminstratieve” unitsAdminstratieve” unitsUnits for corporate tax Units for corporate tax
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““Adminstratieve” unitsAdminstratieve” unitsConsitent linkingConsitent linking
Turnover (VAT) Wages Costs (corp tax)Turnover (VAT) Wages Costs (corp tax)
PresentPresent PintPint TripTrip
Pure Pure PeerPeer SoupSoup
GiroGiro SourSour ErEr
RegReg GreenGreen
How to combine the data? How to combine the data?
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EE NNRR TT
EE
PP
II RR
EESS
GG RROO UUPP
VAT registerVAT register““Adminstratieve” unitsAdminstratieve” units
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EE
NN
RR
TTEE
PP II
RR
EE
SSGG
RR
OOUU
PP
Register on wagesRegister on wages ““Adminstratieve” unitsAdminstratieve” units
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EE NNRR
TT
EE
PPII
RREE
SS
GG
RROO
UUPP
Corporate Tax registerCorporate Tax register ““Adminstratieve” unitsAdminstratieve” units
The linking pin! The linking pin!
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““Adminstratieve” unitsAdminstratieve” units
Enterprise groupEnterprise group
plus: plus:
- linking pin between register units - linking pin between register units
- consistent combination of register data - consistent combination of register data
minus: minus:
- less homogeneous industries - less homogeneous industries
- appropriateness as unit of observation - appropriateness as unit of observation
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Business Registersand
National accounts
Concluding remarksConcluding remarks
- Assessment of exhaustivness of the populationAssessment of exhaustivness of the population
- Less priority for kind-of-activity-unitsLess priority for kind-of-activity-units
- Linking pin between registers and register data Linking pin between registers and register data
- Less use as grossing up frameworkLess use as grossing up framework
- International business register for MNE’s as an International business register for MNE’s as an instrument for reaching consistency in instrument for reaching consistency in (inter)national accounts (inter)national accounts