1. Business Registers and National accounts Piet Verbiest

2. Supply and use tables Sector accounts National accounts Labour accounts

3. National accounts Key features Exhaustiveness Population Transactions (a.o. hidden economy)

4. National accounts Key features Consistency Identities Plausibility relations

5. National accounts Estimating GDP Basic identities of NA: 1. Y= P – IC 2. Y = C + I + E – M 3. Y = W + OS/MI 1.+ 2. => P+M = IC + C + I + E

6. National accounts supply and use P+M = IC + C + I + E

7. National accounts Globalisation Inconsistency National International

8. Globalisation and national consistency Transactions in goods and services Country A Country B Unit A Unit B owner of inputs and outputs processing Raw materials 50 Sales 120 120 Fe e 60 s Balanced supply and use

9. Globalisation and national consistency Flows of goods and services Country A Country B Unit A Unit B owner of inputs and outputs processing Supply and use not balanced Raw materials 50 Sales 120 120 Fe e 60 s 50 110

10. Globalisation and national consistency Flows of goods and services Country A Country B Unit A Unit B Imputed owner of inputs and outputs processing Supply and use not balanced Balanced supply and use owner of inputs and outputs Raw materials 50 Sales 120 120 Fe e 60 s 50 110

11. Globalisation and international consistency Flows of goods and services Country A Country B Fe e 60 s 50 110 Fe s many of these problems caused by MNE’s => international coordination would help national accounts => international coordination would help national accounts

12. National accounts Production / Input-output view Industry classification: Theory: homogeneous I/O-structure Practice: …….

13. Outsourcing and production structure

14. National accounts Production / Input-output view Industry classification: Theory: homogeneous I/O-structure Practice: not (very) homogeneous Is the KAU still usefull for NA?

15. System of national accounts Revised More focus on change of owner ship * Closer link with “montairy economy” * Less priority for production view

16. Globalisation and the new SNA Country A Country B Unit A Unit B owner of inputs and outputs processing Raw materials 50 Sales 120 120 Fe e 60 s 50 110 New SNA: * Do we still need the KAU? * International coordination of MNE-transactions

17. National accounts and adminstrative data Reduction of response burden Cut in resources of SN => increasing use of administrative data o.a. tax registers Problem: each register has its own units

18. EN R TEPIRES G R OUP “Adminstratieve” units VAT units

19. EN R TEPIRES G R OUP “Adminstratieve” units Units for taxes on wages

20. EN R TEPIRES G R OUP “Adminstratieve” units Units for corporate tax

21. “Adminstratieve” units Consitent linking Turnover (VAT) Wages Costs (corp tax) PresentPintTrip PresentPintTrip Pure PeerSoup Pure PeerSoup GiroSourEr GiroSourEr RegGreen How to combine the data?

22. E NRT E P IR ES G R O UP VAT register “Adminstratieve” units

23. E N R T E P I R E S G R O U P Register on wages “Adminstratieve” units

24. ENR T E P I RE S G R O U P Corporate Tax register “Adminstratieve” units The linking pin!

25. “Adminstratieve” units Enterprise group plus: - linking pin between register units - linking pin between register units - consistent combination of register data - consistent combination of register dataminus: - less homogeneous industries - less homogeneous industries - appropriateness as unit of observation - appropriateness as unit of observation

26. Business Registers and National accounts Concluding remarks -Assessment of exhaustivness of the population -Less priority for kind-of-activity-units -Linking pin between registers and register data -Less use as grossing up framework -International business register for MNE’s as an instrument for reaching consistency in (inter)national accounts