Business Registers and National accounts

1. Business Registersand National accounts Piet Verbiest

2. National accounts Supply and use tables Labour accounts Sector accounts

3. National accounts • Key features • Exhaustiveness • Population • Transactions(a.o. hidden economy)

4. National accounts • Key features • Consistency • Identities • Plausibility relations

5. 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

6. National accounts supply and use P+M = IC + C + I + E

7. National accounts • Globalisation • Inconsistency • National • International

8. Globalisation and national consistency Transactions in goods and services Raw materials 50 Unit A Country A owner of inputs and outputs Sales 120 F e e 60 s processing Country B Unit B Balanced supply and use

9. Globalisation and national consistency Flows of goods and services Raw materials 50 Unit A Country A owner of inputs and outputs Sales 120 F e e 60 s 50 110 processing Country B Unit B Supply and use not balanced

10. Globalisation and national consistency Flows of goods and services Raw materials 50 Unit A Country A owner of inputs and outputs Sales 120 F e e 60 s 50 110 processing Imputed owner of inputs and outputs Country B Unit B Supply and use not balanced Balanced supply and use

11. Globalisation and international consistency Flows of goods and services Country A F e e 60 s 50 110 F e e 60 s Country B many of these problems caused by MNE’s => international coordination would help national accounts

12. National accounts Production / Input-output view Industry classification: Theory: homogeneous I/O-structure Practice: …….

13. Outsourcing and production structure

14. National accounts Production / Input-output view Industry classification: Theory: homogeneous I/O-structure Practice: not (very) homogeneous Is the KAU still usefull for NA?

15. System of national accounts Revised More focus on change of owner ship * Closer link with “montairy economy” * Less priority for production view

16. Globalisation and the new SNA Raw materials 50 Unit A Country A owner of inputs and outputs Sales 120 F e e 60 s 50 110 processing Country B Unit B New SNA: * Do we still need the KAU? * International coordination of MNE-transactions

17. 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

18. “Adminstratieve” units VAT units E S E P R I N T E R G R O U P

19. “Adminstratieve” units Units for taxes on wages E S E P R I N T E R G R O U P

20. “Adminstratieve” units Units for corporate tax E S E P R I N T E R G R O U P

21. “Adminstratieve” units Consitent linking Turnover (VAT) Wages Costs (corp tax) Present Pint Trip Pure Peer Soup Giro Sour Er Reg Green How to combine the data?

22. “Adminstratieve” units VAT register P R S E N T E P U R E G I R O

23. “Adminstratieve” units Register on wages I N P T P E E R S R E G O U R

24. “Adminstratieve” units Corporate Tax register S O T U R I P P E R G R E E N The linking pin!

25. “Adminstratieve” units Enterprise group plus: - linking pin between register units - consistent combination of register data minus: - less homogeneous industries - appropriateness as unit of observation

26. Concluding remarks • Assessment of exhaustivness of the population • Less priority for kind-of-activity-units • Linking pin between registers and register data • Less use as grossing up framework • International business register for MNE’s as an instrument for reaching consistency in (inter)national accounts Business Registersand National accounts