scholarly journals THE MOST IMPORTANT ASPECTS OF STATISTICAL ACCOUNTING OF HOUSEHOLD SECTOR EXPENDITURES IN THE FRAMEWORK OF THE SYSTEM OF NATIONAL ACCOUNTS.

2021 ◽  
Vol 101 (09) ◽  
pp. 574-580
Author(s):  
Shokhzhakhon Mukhammadrasulkhon Bakhtiyor ogli A’zamov ◽  
Keyword(s):  
National Accounts ◽  
System Of National Accounts ◽  
Household Sector

scholarly journals Is the Top Tail of the Wealth Distribution the Missing Link between the Household Finance and Consumption Survey and National Accounts?

2019 ◽  
Vol 35 (1) ◽  
pp. 31-65 ◽  
Author(s):  
Robin Chakraborty ◽  
Ilja Kristian Kavonius ◽  
Sébastien Pérez-Duarte ◽  
Philip Vermeulen
Keyword(s):  
Pareto Distribution ◽  
Wealth Distribution ◽  
Household Finance ◽  
Household Wealth ◽  
National Accounts ◽  
Missing Link ◽  
System Of National Accounts ◽  
Household Sector ◽  
Consumption Survey ◽  
Asset Holdings

Abstract The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating these microdata should correspond to the macro-aggregates. In practice, however, differences are large. We first discuss conceptual and generic differences between those two sources of data. Thereafter, we investigate missing top tail observation from wealth surveys as a source of discrepancy. By fitting a Pareto distribution to the upper tail, we provide an estimate of how much of the gap between the micro- and macrodata is caused by the underestimation of the top tail of the wealth distribution. Conceptual and generic differences, as well as missing top tail observations, explain part of the gap between financial accounts and survey aggregates.

Non-observed Economy in the CIS Countries

2009 ◽  
pp. 86-95
Author(s):  
Yu. Ivanov
Keyword(s):  
International Standards ◽  
General Level ◽  
National Accounts ◽  
System Of National Accounts ◽  
The World ◽  
Cis Countries ◽  
Key Indicators

The article contains a review of underlying concepts and definitions of non-observed economy which are formulated in the international standards on this topic and used by the CIS countries for computation of GDP and other key indicators of the System of National Accounts. The article considers the methods used for measuring non-observed economy and some figures on the share of non-observed economy in GDP of the CIS countries and other selected countries of the world. Perfection of methods of measuring non-observed economy and raising reliability of its estimates requires improvement of general level of work on compilation of national accounts.

Climate Change Public Budget Tagging: Connections across Financial and Environmental Classification Systems

2021 ◽  
Author(s):  
Rodrigo Pizarro ◽  
Raúl Delgado ◽  
Huáscar Eguino ◽  
Aloisio Lopes Pereira
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
Climate Change Impacts ◽  
Classification Systems ◽  
National Accounts ◽  
The Public ◽  
System Of National Accounts ◽  
Environmental Classification ◽  
Change Policy ◽  
The Government

Identifying and evaluating climate expenditures in the public sector, known as budget tagging, has generated increasing attention from multiple stakeholders, not only to assess the governments climate change policy, but also to monitor fiscal risks associated with increasing and unpredictable climate change impacts. This paper explores the issues raised by climate change budget tagging in the context of a broader discussion on the connections with fiscal and environmental statistical classification systems. It argues that, for climate change budget tagging efforts to be successful, the definitions and classifications of climate change expenditures must be consistent with statistical standards currently in use, such as the Government Finance Statistics Framework and the System of National Accounts.

Plaidoyer for the unique tourism accounts (dilemas, difficulties and questions)

1998 ◽  
Vol 4 (1) ◽  
pp. 121-134
Author(s):  
Vladimir Stipetić
Keyword(s):  
National Economy ◽  
Scientific Basis ◽  
National Accounts ◽  
System Of National Accounts ◽  
Tourism Sector ◽  
European System ◽  
Cross Country ◽  
Comparative Results ◽  
The Moment ◽  
The Given

Tourism is recognised as an important economic, social and cultural factor in modem societies. However, statisticians still face an enormous challenge when it comes to measuring the economic importance of tourism for given national economy. In his paper author examines the position of tourism in System of National Accounts (SNA-as presented in the version from 1993) and in European System of Accounts (acronym ESA, from 1995). He comes to the conclusion that is impossible to get the full answers on the importance of tourism for the given national economy within those frameworks. The main reason for such conclusion he has found in the fact that tourism is the multifacet activity, with difficult concept to define, let alone measure. He gets the proof for his conclusion comparing the different methodologies for defining who is the tourist, finding six different criterias in application at the moment. The results obtained are, of course, differing considerably, what makes them strictly incompatibles. The comparison of such data is for that reason difficult to make and the comparative results are of limited use. Author advocates a need to make on international level a Unified Tourism Economic Account (UTEA), covering the main activities of tourism sector. He regards the existing work by OECD and WTO as a good basis for further work. Only when majority countries would make UTEA, based on accepted methodology, could be the cross-country comparison made on scientific basis.

scholarly journals Why Is Growth in Developing Countries So Hard to Measure?

2021 ◽  
Vol 35 (3) ◽  
pp. 215-242
Author(s):  
Noam Angrist ◽  
Pinelopi Koujianou Goldberg ◽  
Dean Jolliffe
Keyword(s):  
Developing Countries ◽  
Informal Economy ◽  
Agricultural Sector ◽  
Developed Countries ◽  
Data Sources ◽  
National Accounts ◽  
Large Share ◽  
System Of National Accounts ◽  
Growth Measurement ◽  
Audit Data

Occasional widely publicized controversies have led to the perception that growth statistics from developing countries are not to be trusted. Based on the comparison of several data sources and analysis of novel IMF audit data, we find no support for the view that growth is on average measured less accurately or manipulated more in developing than in developed countries. While developing countries face many challenges in measuring growth, so do higher-income countries, especially those with complex and sometimes rapidly changing economic structures. However, we find consistently higher dispersion of growth estimates from developing countries, lending support to the view that classical measurement error is more problematic in poorer countries and that a few outliers may have had a disproportionate effect on (mis)measurement perceptions. We identify several measurement challenges that are specific to poorer countries, namely limited statistical capacity, the use of outdated data and methods, the large share of the agricultural sector, the informal economy, and limited price data. We show that growth measurement based on the System of National Accounts (SNA) can be improved if supplemented with information from other data sources (for example, satellite-based data on vegetation yields) that address some of the limitations of SNA.

scholarly journals Ways of intensification of economic growth and activation of investment activities in order to ensure the economic security of the Russian Federation

2021 ◽  
Vol 284 ◽  
pp. 07015
Author(s):  
Lyudmila Kopteva ◽  
Irina Romanova ◽  
Angela Mottaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Russian Federation ◽  
National Economy ◽  
New Technologies ◽  
Economic Security ◽  
National Accounts ◽  
Investment Activity ◽  
System Of National Accounts ◽  
The Russian Federation

Macroeconomic dynamics is in the focus of attention of the scientific community due to the fact that it characterizes the key trends in the development of the national economy. The basic indicator in the system of national accounts is the gross domestic product (GDP), which in general form is the aggregate value of all goods and services produced within the national economy. GDP is widely used in the analysis of economic growth trends. Economic growth, creating conditions for it – the most important goal of economic development, both within the framework of ensuring the economic security of the entire national economy and at the level of an individual enterprise. Nowadays, economic development is characterized by an accelerated rate of scientific and technological progress: new technologies and approaches are being created that have higher efficiency. From a microeconomic point of view, the main factors of production are labor, capital and information. Fixed capital investments (buildings, structures, machinery and equipment) are a key instrument for renewing fixed assets. Investment activity is the process of renewing the capital of an enterprise as a result of modernizing its technical and technological base, which ensures its economic security. Investments, along with government spending, are key drivers of economic growth. As a result, we can confidently assert the high importance of investment activities, both throughout the country and at the level of individual economic entities, as well as their economic independence. The paper shows the ways to intensify economic growth and intensify investment activities in order to ensure the economic security of the Russian Federation.

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