scholarly journals The unobserved economy and the Dutch national accounts after the benchmark revision 2015

2019 ◽  
Vol 6 (53) ◽  
pp. 1-24
Author(s):  
Brugt Kazemier ◽  
Michel van Veen ◽  
Sander IJmker
Keyword(s):  
Gross Domestic Product ◽  
Tax Evasion ◽  
Value Added ◽  
Data Sources ◽  
Domestic Product ◽  
Second Step ◽  
National Accounts ◽  
Illegal Activities

AbstractIn 2018, Statistics Netherlands carried out a general benchmark revision of their national accounts statistics. The base year was 2015. Special attention was paid to the exhaustiveness of the estimates. Among other, these include estimates for illegal activities and tax evasion. In the first step, the main (illegal and off the record) activities that were not included in the regular data sources underlying the national accounts were identified. In the second step, estimates were made for each identified activity, based on the scarce information data sources available, supplemented with assumptions. This paper describes the second step. The value added of illegal activities in 2015 was estimated at 4.8 billion euros, which is 0.7% of gross domestic product (GDP). The explicit adjustment for tax evasion was about 3.9 billion euros, which is slightly <0.6% of GDP.

scholarly journals VAT Gap Estimation and Influence of Selected Methods of Financial Administration on its Reduction

2021 ◽  
Vol 12 (1) ◽  
pp. 45-60
Author(s):  
Lukáš Moravec ◽  
Jana Hinke ◽  
Monika Borsiczká
Keyword(s):  
Czech Republic ◽  
Gross Domestic Product ◽  
Value Added ◽  
Domestic Product ◽  
National Accounts ◽  
Value Added Tax ◽  
The Czech Republic ◽  
Tax Gap ◽  
Tax Fraud ◽  
Financial Administration

Abstract The aim of this contribution is to quantify the influence of selected methods on elimination of value added tax gap in the Czech Republic within the researched period 2015–2016. To find a possible share of influence of the VAT control statement on tax fraud following priority methods were set: VAT control statement invitation, initiatives from pairing check reports, tax checking and procedures for doubt removal. By quantifying these methods, the values of theoretical benefits are measured and further compared with value added tax gap within the researched period. To set the VAT gap estimation a method was used that calculates via cleaning gross domestic product based on the database of national accounts. By using this approach it was found out that with the influence of selected methods of financial administration there was a tax gap decrease in 2015 by 5.54% and for 2016 by 4.00%.

scholarly journals Tourism contribution to Gross Domestic Product (GDP) and Gross Value Added (GVA)

2020 ◽  
Vol 10 (3) ◽  
pp. 176-182
Author(s):  
Milin Ioana Anda ◽  
Merce Iuliana Ioana ◽  
Iancu Tiberiu ◽  
Pet Elena ◽  
Tigan Eugenia
Keyword(s):  
Gross Domestic Product ◽  
Value Added ◽  
Tourism Industry ◽  
Domestic Product ◽  
Data Series ◽  
National Accounts ◽  
Tertiary Sector ◽  
Goods And Services ◽  
Gross Value Added ◽  
Macroeconomic Indicators

The overall evolution of the economy is usually appreciated by two macroeconomic indicators GDP and GVA, which by their value gives us clear information on the state of the economy.  Gross domestic product (GDP), the main macroeconomic aggregate of national accounts, is the final result of the production activity of resident producer units and which corresponds to the value of goods and services produced by these units for final consumption. Gross Value Added (GVA) is the balance of the production account and is measured as the difference between the value of the goods and services produced (valued at basic prices) and the intermediate consumption (valued at the buyer's prices), thus representing the new value created in the production process. GVA is calculated before calculating the consumption of fixed capital. Since 1990, we have been confronted with a major restructuring of the way GDP and GVA are created due to the intensive process of restructuring the economy. In the paper we will analyze the basis of the processing of national statistical data, how the tourism component of the tertiary sector contributes to the formation of the aggregate indicators presented above. In 2016, Romania had a GDP of 169.6 billion euros, below the Czech level (174.4 billion euros), Greece (175.9 billion euros) and Portugal (184.9 billion euros). Data series published by the European Statistical Office show that in the first quarter of this year, Romania's GDP adjusted for seasonal influences was 44.2 billion euros, while the value of GDP- Greece was 43.96 billion euros, the Czech Republic's 44.85 billion euros, and Portugal's 47.37 billion euros. In terms of GVA training, Romania is included in the European Union's Statistical Yearbook 201 6 as the country with the largest contributions to the Gross Value Added  in the economy from industry, agriculture and construction, simultaneously with the lowest Public sector contribution (administration, defense, education, health and social welfare, etc.) Although professional, scientific and technical activities have seen the largest increase in the share of Gross Value Added  training, they remain below the average of 10.4% Registered on the whole EU. There is an increase in the art, entertainment, recreation and other activities related to tourism - which brought us near the European customs and contributed to the "structural convection" of the Romanian economy. Touristic activity, particularly complex, with upstream and downstream implications, generates a tourism industry, whose components contribute to the formation of GDP and national  Gross Value Added   We will analyze the share of tourism in Romania's Gross Domestic Product in the period 2008-2014, gross value added in the tourism industry  direct gross value added from tourism  and gross domestic product of tourism  in 2013 and 2014.   Keywords: macroeconomic indicators, tourism industry, Gross Domestic Product, Gross Value Added economy

scholarly journals REGIONAL GROSS DOMESTIC PRODUCT OF GEORGIA. METHODOLOGICAL CHANGES

World Science ◽  
2019 ◽  
Vol 3 (11(51)) ◽  
pp. 9-12
Author(s):  
Inga Benashvili ◽  
Mamuka Benashvili
Keyword(s):  
Gross Domestic Product ◽  
Domestic Product ◽  
National Accounts ◽  
Regional Structure ◽  
New Classification ◽  
System Of National Accounts ◽  
National Rate ◽  
Per Capita ◽  
Municipal Level ◽  
Constant Prices

The paper is devoted to the methodological changes in the calculation of regional Gross Domestic Product (GDP), mainly due to the introduction of the 2008 version of the System of National Accounts in Georgia. Other changes are related to the transition to a new classification system of economic activity (NACE rev2). Because of this, the regional structure of GDP has changed significantly.Regional GDP on a per capita basis, in 2018 Tbilisi ranks first (6122,5 USD). Then it will be followed by Adjara (5514.3 USD). Their rate is significantly higher than the national rate (4722.0 USD).The priority directions for calculating regional GDP in Georgia are as follows: •Receiving data directly from local units (local KAUs) by improving information sources;•More detailing of regionalization. In particular, at the municipal level; •Calculate regional GDP at constant prices.

scholarly journals Relação entre o valor adicionado das atividades econômicas e o produto interno bruto do Rio Grande do Norte

2018 ◽  
Vol 17 (2) ◽  
pp. 757-782
Author(s):  
Ruhama Bezerra Fernandes ◽  
Adilson de Lima Tavares ◽  
Yuri Gomes Paiva Azevedo
Keyword(s):  
Gross Domestic Product ◽  
Value Added ◽  
Rio Grande ◽  
Ordinary Least Squares ◽  
Added Value ◽  
Domestic Product ◽  
Economic Activities ◽  
Sense Data ◽  
Agriculture Industry ◽  
The Difference

Resumo: Neste estudo teve-se por objetivo analisar a relação do valor adicionado das principais atividades econômicas (agropecuária, indústria, serviços e administração pública) relativamente ao Produto Interno Bruto (PIB) do Rio Grande do Norte, durante o período de 2010 a 2013. Nesse sentido, foram coletados dados relativos ao valor adicionado, ao PIB e à população no sítio do Instituto Brasileiro de Geografia e Estatística (IBGE), bem como referentes ao Índice Firjan de Desenvolvimento Municipal (IFDM), por meio do sítio do Sistema Firjan. A amostra compreendeu 166 municípios, de uma totalidade de 167. Para a realização das análises, além da estatística descritiva, foi estimado um modelo de regressão por mínimos quadrados ordinários com dados dispostos em painel, tendo o PIB como variável dependente e as demais variáveis como independentes. Com base nos resultados encontrados, verifica-se que os valores adicionados pelas atividades econômicas apresentam relação positiva e estatisticamente significante, enquanto que as variáveis população e IFDM se relacionam de forma negativa, trazendo à tona questionamentos sobre a distribuição de renda, as políticas socioeconômicas relativas à transição demográfica e a diferença dos conceitos de crescimento e desenvolvimento econômico, corroborando para a hipótese de que o PIB não mede qualidade de vida. Por fim, a partir dos resultados mensurados, conclui-se que os valores adicionados pelas atividades econômicas do Estado do Rio Grande do Norte possuem relação estatisticamente significante com o PIB no período investigado.Palavras-chave: Produto Interno Bruto. Demonstração do Valor Adicionado. Rio Grande do Norte. Relationship between the added value of the economic activities and the Gross Domestic Product of Rio Grande do Norte Abstract: The study aims to analyze the relation of the value added of the main economic activities (agriculture, industry, services and public administration) regarding the Gross Domestic Product of Rio Grande do Norte during the period from 2010 to 2013. In this sense, data on value added, GDP and population were collected on the website of the Brazilian Institute of Geography and Statistics (IBGE), as well as on the Firjan Municipal Development Index (IFDM), through the Firjan System website. The sample comprised 166 municipalities, out of a total of 167. In addition to the descriptive statistics, a regression model was estimated by ordinary least squares with data arranged in a panel, with GDP as a dependent variable and the other variables as independently. Based on the results found, it can be seen that the values added by economic activities have a positive and statistically significant relationship, while the variables population and IFDM were related in a negative way, raising questions about income distribution, socioeconomic policies related to the demographic transition and the difference of the concepts of growth and economic development, corroborating the hypothesis that GDP does not measure quality of life. Finally, from the results measured, it can be concluded that the added values by the economic activities of the State of Rio Grande do Norte have a statistically significant relation with the GDP in the period investigated.Keywords: Gross Domestic Product. Added Value Statements. Rio Grande do Norte.

scholarly journals Pengaruh Pertumbuhan Asuransi Syariah terhadap Pertumbuhan Ekonomi Indonesia

2019 ◽  
Vol 21 (1) ◽  
pp. 56
Author(s):  
Dedy Mainata ◽  
Angrum Pratiwi
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Secondary Data ◽  
Data Sources ◽  
Domestic Product ◽  
Financial Industry ◽  
Islamic Bank ◽  
Independent Variable ◽  
Secondary Data Sources ◽  
Islamic Insurance

<p><em>This study aims to determine the effect of growth in Islamic insurance on economic growth. By using secondary data sources, secondary data in the form of total Islamic insurance assets during 2015-2017 originated from the report of the Non Islamic Bank Financial Industry in the official website. This study analyzes the influence of the growth variables of Islamic insurance on economic growth. With the Independent variable in this study is the growth of Islamic insurance with total assets as an indicator (X). And the dependent variable in this study is Indonesia's economic growth using the indicator Gross Domestic Product (GDP) or Gross Domestic Product (GDP) (Y). The results of the study show that the growth variables of Islamic insurance have an effect on Indonesia's economic growth.</em><em></em></p>

Estimating the direct contribution of tourism to Rwanda’s economy: Tourism satellite account methodology

2019 ◽  
Vol 20 (3) ◽  
pp. 259-271
Author(s):  
Pius O Odunga ◽  
Geoffrey Manyara ◽  
Mark Yobesia
Keyword(s):  
Gross Domestic Product ◽  
Informal Sector ◽  
Value Added ◽  
Capital Formation ◽  
Tourism Industry ◽  
Fixed Capital ◽  
Domestic Product ◽  
Gross Value Added ◽  
Fixed Capital Formation ◽  
Economic Contribution

The tourism industry is poised to command a significant role in the economy of Rwanda, a low-income developing country that is rapidly transforming into a service-oriented economy. However, the industry does not exist as a distinct entity in a country’s national accounts leading to difficulties in estimating its role. Besides, the existence of a significant informal sector aggravates the situation. This study used tourism satellite accounts approach to estimate the economic contribution of tourism. Using primary data from various tourism surveys, six core tables of the tourism satellite accounts framework are presented to estimate the direct economic contribution of tourism to Rwanda’s economy in 2014. In this year, a total of 1,219,529 international tourists visited the country while 560,000 residents took part in domestic tourism trips resulting in internal tourism expenditure/consumption amounting to RWF 261.2bn. This generated an estimated RWF 197.5bn as gross value added by the tourism characteristic industries. Direct tourism gross value added was estimated at RWF 120.0bn while direct tourism gross domestic product, a measure of the direct effects of internal tourism consumption on gross domestic product of the economy was computed at RWF 128.3bn (or 2.5% of Rwanda’s gross domestic product) in the year. In addition to the core six tourism satellite accounts tables, the levels of tourism employment (about 89,000 jobs) tourism gross fixed capital formation (slightly over RWF 200bn) and tourism collective consumption (over RWF 7bn) were estimated. Under this study, the international methodological recommendations on tourism satellite accounts were implemented for Rwanda. The contribution of tourism to gross domestic product, employment, investment, and collective consumption was quantified and estimated. Informal sector tourism activities were included in these estimates. Gross fixed capital formation and collective consumption estimates are tentative due to conceptual considerations documented by the methodological framework.

scholarly journals From gross domestic product to wellbeing: How alternative indicators can help connect the new economy with the Sustainable Development Goals

2019 ◽  
Vol 6 (3) ◽  
pp. 207-222 ◽  
Author(s):  
Lorenzo Fioramonti ◽  
Luca Coscieme ◽  
Lars F Mortensen
Keyword(s):  
Sustainable Development ◽  
Gross Domestic Product ◽  
Sustainable Development Goals ◽  
Business Models ◽  
Supply And Demand ◽  
Economic Transformation ◽  
Domestic Product ◽  
National Accounts ◽  
The Sustainable Development ◽  
Development Goals

In a 2014 issue of Nature, members of our research group called for abandoning the gross domestic product as the key indicator in economic policymaking. In this new article, we argue that a new post–gross domestic product economy focusing on wellbeing rather than material output is already emerging in the Anthropocene, thanks to the convergence of policy reforms and economic shifts. At the policy level, the Sustainable Development Goals require policymakers to protect ecosystems, promote greater equality, and focus on long-term equitable development. At the economy level, the provision of services has outpaced industrial production as the key driver of prosperity, with innovative business models optimizing the match between supply and demand and giving rise to a burgeoning “sharing economy”, which produces value to people while reducing output and costs. The economic transformation already underway is, however, delayed by an obsolete system of measurement of economic performance still dominated by the gross domestic product–based national accounts, which rewards the incumbent and disincentives the new. We show that a different approach to measuring wellbeing and prosperity is the “missing link” we need to connect recent evolutions in policy and the economy with a view to activating a sustainable development paradigm for a good Anthropocene.

The relationship between energy consumption and gross domestic product in Hong Kong (1992–2015): Evidence from sectoral analysis and implications on future energy policy

2019 ◽  
Vol 31 (2) ◽  
pp. 215-236
Author(s):  
Ruixiaoxiao Zhang ◽  
Geoffrey QP Shen ◽  
Meng Ni ◽  
Johnny Wong
Keyword(s):  
Time Series ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Causal Relationship ◽  
Granger Causality ◽  
Value Added ◽  
Granger Causality Test ◽  
Domestic Product ◽  
Causality Test ◽  
Per Capita

The causal relationship between energy consumption and gross domestic product in Hong Kong from 1992 to 2015 is investigated in this study. Different from the previous studies focusing on the causal relationship between total energy consumption and total gross domestic product per capita, this study further investigates the causal relationship from sectoral perspective, including residential, commercial, industrial and transportation sectors. For each sector, the time series data of sectoral energy consumption and sectoral per capita value added are collected. To conduct the Granger causality test, the unit root test is first applied to analyse the stationarity of time series. The cointegration test is then employed to examine whether causal relationship exists in long-term. Finally, based on the aforementioned tests, both vector error correction model and vector autoregression model can be selected to determine the Granger causality between time series. It is interesting to find that the sectoral energy consumption and corresponding sectoral per capita value-added exhibit quite different causal relationships. For both residential sector and commercial sectors, a unidirectional causal relationship is found running from the sectoral per capita value added to sectoral energy consumption. Oppositely, for industrial sector and transportation sector, a unidirectional causal relationship is found running from sectoral energy consumption to sectoral per capita value added. Regarding the Granger causality test results, the indicative suggestions on energy conservation policies, energy efficiency policies and greenhouse gas emission reduction policies are discussed based on the background of Hong Kong’s economic structure and fuel types.

The Degree of Openness to Intra-Regional Trade - Towards Value-Added Based Openness Measures

2006 ◽  
Vol 226 (2) ◽  
Author(s):  
Ansgar Belke ◽  
Lars Wang
Keyword(s):  
Gross Domestic Product ◽  
Bilateral Trade ◽  
Trade Openness ◽  
Value Added ◽  
Domestic Product ◽  
Regional Trade ◽  
Traditional Concept ◽  
Export Ratio ◽  
Trade In Value Added ◽  
Integration Area

SummaryThis study develops innovative measures of openness towards bilateral trade. The most widely applied openness indices are not able to accurately calculate the degree of trade openness. For example, the intra-regional export ratio which relates the value of exports of an integration area to the gross domestic product, can exceed 100 percent because trade is stated in gross terms, while the gross domestic product is expressed in value-added terms. This implies a negative value of domestic non-tradeables. The actual openness concept corrects the traditional concept by expressing trade in value-added terms instead of gross terms.

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