1 / 12

Dealing with External Challenges in the Compilation of National Accounts: The Dutch Response

Learn how the Netherlands responds to external challenges affecting national accounts compilation, including budget cutbacks, globalization, and user demands. Explore the redesign initiatives focusing on greater efficiency and transparency.

reillym
Download Presentation

Dealing with External Challenges in the Compilation of National Accounts: The Dutch Response

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. Dealing with External Challenges in the Compilation of National Accounts: The Dutch Response Peter van de Ven Head of National Accounts Statistics Netherlands

  2. Major External Developments • Ongoing Budgetary Cutbacks • 30% since 1999 • Pressure to Decrease Respondent Burden • 60% in the period 1994-2002 • 25% in the period 2002-2006 • Ongoing Demands • Growing Availability of Register Data • Legal obligation (2004): no surveys possible if register data is available • Free access to administrations • Legal possiblities to match data files

  3. Major External Developments • Globalisation • Inconsistencies between statistics • Delineation of national economy • Growing Mobility of Personnel • Transparency and Reproducibility • Growing IT-possibilities • User Demands • Focus on short term statistics • Multi-dimensional policy issues • Quickly changing needs for information • Growing administrative use of NA-data

  4. Redesign of Economic Statistics • Integrated architecture + chain management: clearly defined ”resting points” in processing of data, from Business Register to NA • Production Statistics: • Mainly driven by administrative registers (VAT-register and Register on employment and wages) => Note: Observation unit and matching • Restricted surveying of additional data: • Very limited annual survey (10-20 questions?) • Rolling review of input structure (once every 3-5 years?) • ProdCom

  5. Redesign of Economic Statistics • Separate processing of large and/or complex enterprises (250-500 enterprises?) • Integrated compilation of Structural Business Statistics (SBS) and Supply and Use Tables (SUT), based on: • Before-mentioned data • Data on government and financial corporations • Data on imports and final uses

  6. Redesign of NA (General Issues) • NA: clearly defined set of tasks based on ”resting points” • Translation to NA-concepts • Exhaustiveness • Integration of source data • Three (more internally oriented) projects: • Less Detailed SUT: from 260 * 850 => 150 * 500 • Dashboard • ”Quarter-machine”

  7. Redesign of NA (Dashboard) • Software system for prioritising inconsistencies and implausibilities • Based on predefined set of norms and standards • After solving major inconsistencies: automatic balancing • Goal: more top-down, less bottom-up; more efficient processing • At the moment: iterative process of implementation

  8. Redesign of NA (Quarter-machine) • Software system for: • Benchmarking quarterly data to annual data • Compiling annual estimates, based on quarterly NA-data plus newly available source data • Use of Denton Techniques • Relevant for the whole core-system of NA: SUT, Institutional Sector Accounts (ISA) and Labour Accounts (LA) • Complete change in focus, from annual to quarterly data

  9. Revision policy: now versus future • Present revision policy: • T+45 days: flash quarterly economic growth and employment • T+90 days: (revised) quarterly estimates for SUT, ISA and LA ---------------------------------------------------------------------- • T+6 months: 1st provisional (autonomous) annual estimate • T+18 months: 2nd provisional (autonomous) annual estimate • T+30 months: definite (autonomous) annual estimate

  10. Revision policy: now versus future • Future revision policy: • T+45 days: flash quarterly economic growth and employment • T+90 days: (revised) quarterly estimates for SUT, ISA and LA • T+6 months: 1st annual estimate based on sum of 4 quarters plus newly available source data • T+18 months: 2nd annual estimate based on sum of 4 quarters plus newly available source data ---------------------------------------------------------------------- • T+30 months: definite (autonomous) annual estimate

  11. Redesign (of NA): main goals • More efficient system • Less respondent burden • More transparent and reproducible system • Better quality, or at least no loss of quality: • Consistent recording of large enterprises • Full exploitation of register data • More top-down, less bottom-up • Improved ability to cope with mobility of personnel • Note: still a lot of work and problems ahead!

  12. Some concluding remarks • More international co-operation: • Exchange of best practices • Development of software tools for NA-compilation • ... • ...

More Related