1 / 12

ESTP Course on National Accounts ESA 2010

Join the course in Luxembourg to learn about the basics and specific topics of National Accounts ESA 2010, covering history, units, sectors, production, and more. Understand GDP measurement and its significance for economic analysis and policymaking.

dmyrick
Download Presentation

ESTP Course on National Accounts ESA 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Good Morning**********************Welcome to ESTP course on National Accounts ESA 2010 Luxembourg, 30 May – 03 June 2016Eurostat

  2. Structure of the Course First three days on basics of national accounting • Brief history of National Accounts (NA) • Overview of ESA2010 • Units and Sectors • Production, Expenditure, Income • Stocks and Flows Last two days on specific topics: • Supply/Use Tables and Balancing • Employment • Price and Volume Measures • Financial Accounts • Quarterly National Accounts and European Sector Accounts • FISIM • Government Finance Statistics Parallel sessions on items 8, 14, 19 and 24

  3. Item 1:Introduction to National Accounts ESTP course on National Accounts ESA 2010 Luxembourg, 30 May – 03 June 2016Eurostat

  4. A bit on History of NA • Two main characteristics of the modern NA: consistent bookkeeping system and macroeconomic theory. • Double entry bookkeeping: Luca Pacioli 1494 • Tableau économique (1758) by François Quesnay: economiccircuit, economicflowsbetweensectors(landowners, farmers, artisansandmerchants) • John Maynard Keynes 1936: modern macroeconomics, role of government • WassilyLeontief, input-output analysis (Nobel Price 1973) • Richard Stone (Nobel Price 1984); flowed into UN System of National Accounts

  5. Modell of the National Economy

  6. The System of NA • The aim of NA: measure value added created in one period (GDP) production  value added  income  use of income (expenditure) • UN level: SNA • EU level: ESA • Harmonised concepts, methods, definitions, classifications and recording/bookkeeping rules

  7. SNA and ESA UN level: SNA 1993 SNA 2008 EU level: ESA 1995 ESA 2010

  8. Key features of the System • The value added of NA: It is a complete and consistent system! • Basic macroeconomic identities hold; supply = use • It is a complex interlinked system. • Three approaches to measure GDP: Production Approach (PA), Expenditure Approach (EA) and Income Approach (IA) • Different Sources and different Methods • Balancing! • The sequence of accounts: production, distribution of income, use of income

  9. The three Approaches to GDP

  10. Further features of the System • Satellite Accounts: for specific needs e.g. Economic Accounts for Agriculture, Environmental Accounts, Tourism, Health Care. • Supply and use tables / symmetric input-output tables: details of the production process and flows of goods and services. • Price and Volume Measures

  11. The Uses of NA • for economic analysis (structural analysis, business cycle analysis) • for policymaking (productivity, growth, employment etc.) • for monetary policy-making • for financial markets, businesses • for research purposes • and for administrative uses

  12. Administrative Uses of NA • EU own resources purposes • VAT based own resource • GNI based own resource • EU structural funds • Surveillance purposes • Excessive Deficit Procedure (EDP) • Macroeconomic Imbalances

More Related