1 / 9

National Accounts: The Way Forward? Shlomo Yitzhaki

!4 July 2009. National Accounts: The Way Forward? Shlomo Yitzhaki. Considerations regarding future revisions of SNA Kirsten Wismer, Director of Economic Statistics, Statistics Denmark Justification, criteria, implementability considerations for revisions – developing country perspective

samuru
Download Presentation

National Accounts: The Way Forward? Shlomo Yitzhaki

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. !4 July 2009 National Accounts: The Way Forward? Shlomo Yitzhaki • Considerations regarding future revisions of SNA • Kirsten Wismer, Director of Economic Statistics, Statistics Denmark • Justification, criteria, implementability considerations for revisions – developing country perspective • Omi Kelsom Elias, Director, National Accounts Statistics Division, Department of Statistics, Malaysia • Governance, mandate and functions • Karen Wilson, Director General, System of National Accounts Branch, Statistics Canada

  2. Targets of National Accounts International comparisons of level of well-being (or Economic Strength) Internal purpose: identifying the business cycle

  3. Changes in the environment • Globalization (multi-national production, trade) • High-tech –Winner takes all • Service economy • Financial Sector (risk analysis)

  4. Users’ Demands • Adjustment to Growth Theory • Usefulness in predicting crisises • Evaluation of Government Efficiency • Stiglitz Report • Accrual Accounting: Pensions, Human Capital, reputation, risk …etc..

  5. Is it a question of administrative capacity • Prices are a function of income distribution and income distribution is a function of prices • Difference between value and price (19th century water vs. diamonds). • Non-tradable • Difference in valuation of non-market activity (e.g. human capital as a consumption good, over education).

  6. The starting point • Easy to make irrelevant valuations • Need to prevent comparison of non-comparable (unobserved economy, Different involvement of government) different • Imputations: need to differentiate between stocks and flows • Conclusion: No easy solution

  7. Stat-Denmark recommendations • No continuous updating and stability Required for comparability both over time and between countries 25 years – seems like a starting offer Procedures laid down up front – reasonable Close cooperation with other statistical areas - not clear. Who is responsible?

  8. STAT-Denmark-recommendations NA is a core of a broader… A recommendation for satellite accounts – less ambitious more practical

  9. Governance- Statistics Canada • Establishing of research agenda-academic views Question: May be unbalanced Consensus building process Question: How to do it? Final Governance.. Question: Is there an alternative?

More Related