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. gt PM IC C I E
6
National accounts supply and use
PM 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 MNEs
gt 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
• gt increasing use of administrative data
• o.a. tax registers

Problem each register has its own units
18
Adminstratieve units
VAT units
E
N
T
E
P
I
R
E
S
R
R
G
O
U
P
19
Adminstratieve units
Units for taxes on wages
E
N
T
E
P
I
R
E
S
R
R
G
O
U
P
20
Adminstratieve units
Units for corporate tax
E
N
T
E
P
I
R
E
S
R
R
G
O
U
P
21
Adminstratieve units
Consitent linking
Turnover (VAT) Wages
Costs (corp tax) Present Pint Trip Pure
Peer Soup Giro Sour Er Reg Gre
en
How to combine the data?
22
Adminstratieve units
VAT register
N
R
T
P
E
S
E
E
R
U
P
I
R
G
O
23
Adminstratieve units
Register on wages
I
N
P
T
E
E
R
P
S
E
R
G
O
U
R
24
Adminstratieve units
S
Corporate Tax register
O
T
U
R
I
P
P
R
E
E
N
R
E
G
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
Business Registersand National accounts

• 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 MNEs as an
  instrument for reaching consistency in
  (inter)national accounts