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Join the 32nd Voorburg Group Meeting in New Delhi, India, led by Marcus Fridén from Statistics Sweden. Explore industrial classifications, output measures, and product classifications in the context of investment banking. Hear mini presentations from the U.S., Canada, India, and the UK, comparing approaches and data coherence.
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IntroductionInvestment Banking, 64.99 32nd Meeting of the Voorburg Group New Delhi, India Marcus Fridén, Statistics Sweden
Overviewof agenda • Introduction • Review ofclassifications • Mini presentations • Discussion
Presenters • Mini presentations Output & Prices: • U.S. – Andrew Baer (Output) & Bonnie Murphy (Prices) • Canada – Lucy Opsitnik • Mini presentation Prices: • India - Gopal Singh Negi& AnupamMitra • Discussant: • U.K. – Kat Pegler
Experience • Experience in Investment Banking is limited • 2 of 22 countries have reported having PPIs • 3 of 22 countries have output measures
Industrial classifications • ISIC Rev.4: United Nations (2008) • NACE Rev.2: EU (2008) • NAICS: North America (2012) • JSIC Rev.13: Japan (2013) • NIC: India (2008) • ANZSIC Rev.2: Australia and New Zealand (2006,updated 2013)
Product classifications • CPC Ver. 2.1: United Nations (2015) • CPA Ver. 2.1: EU (2015) • NAPCS: North America(2017) • ANZSPC: Australia and New Zealand (2008)
Comparisonbetweenclassifications Low coherence between most classifications NAICS is the most detailed 64.99 in ISIC and NACE relates to several industries in NAICS
Mini presentations • US and Canada both cover Investment Banking and Securities Dealing Services • Two different kinds of services with different price determining characteristics • Different approaches between countries