1 / 10

OECD Survey on Land 2008 SNA Implementation Workshop Paris, October 2011

OECD Survey on Land 2008 SNA Implementation Workshop Paris, October 2011. Contact: nadim.ahmad@oecd.org. Background. Not the first time that the measurement of land has caused concern Discussed on numerous occasions in previous WP meetings. And land has always been important

pia
Download Presentation

OECD Survey on Land 2008 SNA Implementation Workshop Paris, October 2011

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. OECD Survey on Land2008 SNA Implementation Workshop Paris, October 2011 Contact: nadim.ahmad@oecd.org

  2. Background • Not the first time that the measurement of land has caused concern • Discussed on numerous occasions in previous WP meetings. • And land has always been important • Environmental accounting • GDP (via user cost approach for imputed rent) • Growth accounting • But the need for robust estimates has heightened: • Financial crisis information gaps (G20 Recommendation 15) • Focus on household wealth • Produced land in the 2008 SNA • Re-emphasised at • 2010 WPs on Financial Statistics and National Accounts 2010 • CSTAT 2011

  3. Survey Results – Balance sheets • 23 countries responded • 5 (Cze, Fin, Fra, Jpn, Mex) produce full balance sheets by detailed land type • Land underlying buildings • Land under cultivation • Recreational land and associated surface water • Other land and associated surface water • 5 produce partial info (Can, Ita, Kor, Nld, Swe) • Many others have plans to do so. • Appears to be inconsistent treatment of produced land in balance sheets – some countries include it under land, others under other fixed assets.

  4. Survey Results – Produced land • 1 country covers all land categories (Svn) • 10 cover parts (Can, Fin, Fra, Isr, Ita, Nld, ior, Pol, Prt, and Swe). Valuation: • Investment • Survey - Can, Cze, Fra, Nld, Pol,Prt • Commodity Flow – Jpn • Input costs - Swe • Balance sheets • PIM: Can (linear depreciation), Cze, Fra, Nld • Values – Jpn, Pol

  5. Survey Results – Sectors • Balance sheet • Full split by land-type/sector: • Can, Cze, Fra, Ita, Nld produce detailed split. • Partial (total land) by sector: • Jpn, Kor, and Swe • Investment • Full sectoral accounts by land type in Slv • Partial in Can, Fra, Mex, Nld, Pol and Prt.

  6. Land under buildings - methods • Ratios: • Can, Fra, Ita (part), Prt, Svn (owner-occ) • Direct price information • Cze, Jpn • Indirect • (total value minus depreciated building costs) – Ita (part), Nld, Svn (market dwellings), Swe • NPV approach, Mex, Nld (part non-res) • Chl does not include value of land under buildings and structures

  7. Land owned by government • Should be included: • Can, Cze, Dnk, Fin, Fra, Ita, Jpn, Kor, Swe. • Should not be included: • Nld

  8. Dealing with volume changes Revaluation vs OCV • OCV • Cze, Dnk, Fra, Nld, Swe, Kor (for reclassifications) • Revaluations – • Jpn, Mex, Prt, Swe (when the surrounding land changes)

  9. Requests for further work • Measuring land under dwellings • Residual method implies all holding gains/losses end up land. Correct? • Further guidance requested for BS estimation • Identifying and valuing land owned by government • Guidelines for OVC changes not driven by reclassification? • Timing of OVC/Revaluation changes, who benefits? • Suitability of fiscal data as a market price proxy • Extending the production accounts to re-route rent of land to intermediate consumption (for productivity)

  10. Going forward? • Results will be written up as a technical paper, which will include an elaboration of the various issues raised by countries – including possible solutions. • A Handbook?

More Related