Business Registersand

National accounts

Piet Verbiest

Supply and use tables

Sector accounts

National accounts

Labour accounts

National accounts

Key features

Exhaustiveness

• Population

• Transactions (a.o. hidden economy)

National accountsKey features

Consistency

• Identities

• Plausibility relations

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

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

National accounts

Globalisation

Inconsistency

• National

• International

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

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

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

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

National accounts

Production / Input-output view

Industry classification:

Theory: homogeneous I/O-structure

Practice: …….

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

National accounts

Production / Input-output view

Industry classification:

Theory: homogeneous I/O-structure

Practice: not (very) homogeneous

Is the KAU still usefull for NA?

System of national accounts

Revised

More focus on change of owner ship

* Closer link with “montairy economy”

* Less priority for production view

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

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

EENN

RR

TTEE PP II RREE SS

GG

RR

OO UU PP

““Adminstratieve” unitsAdminstratieve” units

VAT unitsVAT units

EENN

RR

TTEE PP II RREE SS

GG

RR

OO UU PP

““Adminstratieve” unitsAdminstratieve” unitsUnits for taxes on wagesUnits for taxes on wages

EENN

RR

TTEE PP II RREE SS

GG

RR

OO UU PP

““Adminstratieve” unitsAdminstratieve” unitsUnits for corporate tax Units for corporate tax

““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?

EE NNRR TT

EE

PP

II RR

EESS

GG RROO UUPP

VAT registerVAT register““Adminstratieve” unitsAdminstratieve” units

EE

NN

RR

TTEE

PP II

RR

EE

SSGG

RR

OOUU

PP

Register on wagesRegister on wages ““Adminstratieve” unitsAdminstratieve” units

EE NNRR

TT

EE

PPII

RREE

SS

GG

RROO

UUPP

Corporate Tax registerCorporate Tax register ““Adminstratieve” unitsAdminstratieve” units

The linking pin! The linking pin!

““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

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