united nations economic commission for europe statistical division action plan arising from the...
TRANSCRIPT
United Nations Economic Commission for EuropeStatistical DivisionUnited Nations Economic Commission for EuropeStatistical Division
Action plan arising from the Guide “Impact of Globalization on National
Accounts”
UNECE Statistical Division 27 October 2011
- UNECE Statistical Division Slide 2
The Globalization Guide
Provides recommendations and best practices on how to deal with the impact of globalization on national accounts
Developed 2007-2011 by the Group of Experts on the Impact of Globalisation on National accounts, under the guidance of the Leadership Group
March-April 2011: electronic consultation with all CES member countries and organizations
June 2011: CES endorsed the Guide
- UNECE Statistical Division Slide 320 April 2023
Content of the Globalization Guide
12 core chapters in three main groups:
• Multinational enterprises
• Trade in goods and services, and global manufacturing
• Household-related issues
Specific country experiences are presented as annexes to the chapters
Addendum on the impact of the financial crisis
Chapter 14 brings together the suggestions for further work from earlier chapters and proposes international fora that can advance the work
- UNECE Statistical Division Slide 420 April 2023
The way ahead and a research agenda
The Guide does not address or solve all issues related to the impact of globalization
Meeting the statistical challenges presented by globalization will require continuing international cooperation
Issues for further work includes: Continuation of initiatives already started Conceptual issues Measurement issues Practical steps in data collection and presentation Exchanges of data and best practice
- UNECE Statistical Division Slide 520 April 2023
Continuation of initiatives already started
IMF’s Coordinated Direct Investment Survey OECD Working Group on International Investment and its
network of investment experts OECD Task Force on IPPs The forthcoming Eurostat Task Forces on R&D and on
Goods for processing Work on improving remittance and related data e.g. Global
Remittances Working Group and The Suitland Working Group
Environmental issues on national accounts, implications of 2008 SNA to SEEA
- UNECE Statistical Division Slide 620 April 2023
Conceptual issues Global manufacturing/production, including international
transactions in IPPs and merchanting of services SPEs: A harmonized definition and further clarification on
conceptual issues to improve the comparability of SPEs across countries
International labour movements: links between labour statistics and national accounts
Second homes: property be deemed to produce housing services continuously, or only when occupied?
E-commerce and outsourcing provide challenges for appropriate price deflators
- UNECE Statistical Division Slide 720 April 2023
Measurement issues
Measurement and data issues related to the new standards on goods for processing and merchanting
Challenge of import substitution and e-commerce data for price statistics (data sources, quality adjustments)
Use of administrative data to estimate economic activities of complex enterprise structures: quasi-transit trade
Recording and estimating remittances: practical issues related to emerging transfer methods
Measurement of the stock of second homes abroad, and the correction for average occupation time
- UNECE Statistical Division Slide 820 April 2023
Practical steps in data collection and presentation
Business surveys: better use (or additional questions) and linking with international trade data at enterprise level
Special surveys of large MNEs Separate coding of goods for processing in merchandise
trade. In the long run, development of trade documents allowing compilation of data both on physical flows and economic transactions
More intensive use of household surveys e.g. cross-border labour mobility, remittances, e-commerce
Better use of administrative sources, including tax registers Additional analytical tables for international labour movements Presentation of national accounts with and without SPEs
- UNECE Statistical Division Slide 920 April 2023
Exchanges of data and best practice
Exchanges of data and bilateral comparisons between countries on:
• FDI
• Labour movements and remittances
• Non-resident dwellings (asymmetries in TSA) Exchanges of best recording practice among countries as
complement to international standards
- UNECE Statistical Division Slide 1020 April 2023
Prioritization of further work
After country consultations, the following topics have been identified as priorities for future work:
Conceptual and practical measurement issues in relation to global manufacturing
The recording of international transactions in IPPs
Outstanding measurement and data issues related to the implementation of the new standards on goods for processing and merchanting
A conceptual framework for dealing with SPEs, including a harmonized definition