use of administrative data in national accounts michael adams 23 june 2014 en/adm/2014/pres/24
TRANSCRIPT
Use of Administrative data in national accounts
Michael Adams
23 June 2014
EN/ADM/2014/Pres/24
2
MFSM/GFS
GFS
MFSM
SNA
BOP
SNA
Coverage of general government
QB March 2011
ENTITY NAME
CLASSIFIED FOR (YEAR)
NOTES Recorded in the criteria form
CLASSISICATION
Decision tree
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Cash data vs accrual
No official formula is used to convert cash to accrual However: When noticing big changes, we try to get reasons for
that, move between quarters to make economic sense, e.g take the average of two quarters, number of total for fiscal year must still be the same. Make use of info in media, info from other sources
Salaries and wages in kind
• Cash data• No estimation for salaries and wages in kind
Imputed social security contributions
QB March 2011
Cash data
No estimation for imputed social security contributions
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Estimation of consumption of fixed capital for government
Table 2: The economic lifetime according to type of asset Type of asset
Sector Lifetime
Residential buildings 50 years Non-residential buildings 50 years Construction works Agriculture 80 years Mining 30 years General government 80 years Other 50 years Transport equipment 8 years Machinery & other equipment Manufacturing 8 years Mining & Electricity, gas and
water 16 years
Other 10 years
QB March 2011
Years Y1 Y2 Y3 Y4 Y5
GFCF 250
GFCF 500
GFCF 600
GFCF 700
GFCF 1000
Total 250 500 600 700 1000
Years Y1 Y2 Y3 Y4 Y5
CFC 50 50 50 50 50
CFC 100 100 100 100
CFC 120 120 120
CFC 140 140
CFC 200
Total 50 150 270 410 610
Formula programmed where X = Number of terms (i.e. service life) Y = GFCF The results yield: CFC = (Y[t-X] + Y[t-(X-1)] + Y[t-(X-2)] + ... + Y[t]) / X Table 3: Example of a straight line method based on a 5-year service life asset
CONCLUSION
