Transcript PPTX

OUTCOME OF THE
IARIW-OECD CONFERENCE ON THE
FUTURE OF NATIONAL ACCOUNTS
Advisory Expert Group on National Accounts
Paris, France, April 13 – 15, 2016
Peter van de Ven
Head of National Accounts
OECD
General overview
• Conference held in Paris on April 16 – 17, 2016
• More than 100 participants
• Keynote addresses by André Vanoli, Anne Harrison,
Peter van de Ven and Diane Coyle
• 33 papers on amongst others the following topics:
– Incorporating well-being in national accounts
– National accounts in the wider statistical context
– Money and finance in the SNA
– National Accounts in a globalising world
– Human capital, growth and productivity in the SNA
– The future of national accounts
• More details: http://iariw.org/c2015oecd.php
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Main conclusions
• Social and environmental issues to be presented in a
more inclusive framework, of which the System of
National Economic Accounts (the “central framework”)
forms one part, and alternative or additional
frameworks (satellite accounts) given equal status
• More attention to household-related indicators,
including the development and dissemination of
distributional information on income, consumption,
saving and wealth
• Full integration of extensions to the central framework
(e.g. major changes in the production boundary and/or
asset boundary) considered neither practical nor
desirable
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Main conclusions, cont.
• Because of increasing and changing user demands,
need for a flexible system of statistics, with an
improved linkage between macro-data and micro
data sources => need to give special consideration to
links of SNA-concepts with business accounting
• Need for a stable system, thus avoiding frequent
revisions. However, current challenges need to be
addressed as well:
– Globalisation, recording and measurement of multinationals
– Role of knowledge and intangible assets
– Financial sevices
• Before changing the standards, need for extensive
practical experience (at first in satellite accounts?)
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Main conclusions, cont.
• Every country can gain from having good quality
national accounts (also if full implementation is not
possible) => need for compilation guidance
focussing on the basics
• Need for a brief synopsis of the SNA (< 50 pages) for
users, describing the main indicators, their strengths
and weaknesses, relation with economic theory and
economic policy targets
• Communicate, communicate, communicate …
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Thank you for your attention!
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