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Review of SNA research agenda

Review of SNA research agenda. 7 th meeting of the Advisory Expert Group on national accounts 23-25 Apr 2012, New York. Outline of Presentation. Introduction Mechanisms for resolving research issues Research agenda website Issues for consideration. Introduction.

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Review of SNA research agenda

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  1. Review of SNA research agenda 7th meeting of the Advisory Expert Group on national accounts 23-25 Apr 2012, New York

  2. Outline of Presentation • Introduction • Mechanisms for resolving research issues • Research agenda website • Issues for consideration

  3. Introduction • Several research issues emerged during the update of the 1993 SNA • Listed in Annex 4 of 2008 SNA • ISWGNA website, hosted by the UNSD, contains webpage dedicated to the SNA research agenda. • Lists research issues • Updated with new items that emerge and recommendations on existing items as agreed. • Three questions used to assess the priority to be given to a research item • How urgent and important is the topic to ensure that the SNA continues to be relevant to the users? • How widespread are the consequences of change and how complicated will implementation be? • Is the topic completely new or has much of the preparation for considering the item been completed?

  4. Mechanisms for resolving issues • Proposals for task forces or expert groups to do research on specific topics should be submitted to the ISWGNA • Ensures worldwide representation in the deliberation of research agenda issues • Ensures proper implementation of the results in international standards or handbooks • ISWGNA may also convene technical expert groups to advance research on particular normative and methodological matters. • Groups will consist of relevant experts in national accounts, with a balanced regional representation. • Groups will have limited life spans and focus on particular issues. • Terms of reference for the tasks related to the subject will be formulated with every group

  5. Mechanisms for resolving issues • Existing city groups and other technical expert groups • Work may fall within scope of national accounts, but groups have their own mandates and governance structures • ISWGNA will coordinate with these groups to take account of their work in the work programme of the ISWGNA • For large projects (eg. the revision of the SNA) it may be necessary to develop separate project management frameworks • ISWGNA assesses results per update procedures for the SNA established by the UNSC (1999) • If changes are necessary ISWGNA presents changes to UNSC for adoption

  6. Updating procedure for the SNA

  7. Research agenda website http://unstats.un.org/unsd/nationalaccount/research.asp • Facilitates the sharing of information about the issues under discussion, progress with such discussions and the long term research agenda. • Comprised of five parts: • Research issues under discussion (eg. FISIM, emission permits) • Consultations • AEG and task force meetings • List of research issues • SNA update procedure

  8. Research agenda website • Issues list originated from a paper presented at the 5th meeting of the AEG (SNA/M1.07/14) • Reports on 20 research issues • Each topic described by an author under the following headings: • The issue – explaining the issue; • Reasons for inclusion in the research agenda • Proposed time horizon for resolving the issue • References • Issues list needs to be updated to conform to the topics listed in Annex 4 of the 2008 SNA • Is format of presentation still applicable to facilitate the process for resolving the research issues?

  9. Issues for consideration • AEG is requested to: • Comment on the ISWGNA's proposal not to pursue research agenda issues before 2015, unless a pressing need arises • Provide guidance on the procedure for resolving the research issues; • Express views on the priorities for resolving issues; • Express views on the updating of the issues list on the research agenda website • Express views on assigning focal points for particular issues.

  10. Thank you

  11. Issues list • Reverse transactions • Debt concessionality • Clarification of income concept in the SNA - should holding gains be included? • Final consumption of corporations • The relationship of SNA and IASB • High inflation Issue details • Accrual interest in the SNA - the debtor or creditor approach? • Equity valuation and its implications • Provisions • Distinction between current maintenance and capital repairs • Broadening the fixed asset boundary to include other intellectual property assets • Treatment of Private-Public Partnerships • Consolidation, both for government and private enterprise groups • Wider use of fair value for loans • Recognition of social security entitlements as liabilities • Leases to exploit natural resources such as mineral deposits • Reinvested earnings • Output of central banks: taxes and subsidies on interest rates applied by central banks • Inclusion of international organizations in the SNA • Government social services

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