SNA Research agenda Herman Smith United Nations Statistics Division - - PowerPoint PPT Presentation

Thirteenth Meeting of the UN Committee of Experts on Environmental-Economic Accounting

21-22 June 2018 Herman Smith United Nations Statistics Division

SNA Research agenda

Outline

▪ Background ▪ ISWGNA Task Force on Research Agenda ▪ Some example of issues ▪ Timeline

2

Background

▪ 10-year anniversary since the adoption of the 2008 SNA ▪ Reflection by the international community on

• Progress so far in the implementation of the 2008 SNA
• What lies ahead for the SNA to remain

relevant for measuring new developments in the economy (e.g. digitalization and globalization) as well in the context of the 2030 Agenda for Sustainable Development.

3

SNA research agenda

▪ Present focus on issues related to the practical implementation, clarification and interpretation of the 2008 SNA. ▪ At present, not any interest in updating the 2008 SNA. ▪ However, it is inevitable that the 2008 SNA will need to be updated at some point in the future to ensure its relevance.

4

Statistical Commission

▪ 49th Statistical Commission endorsed recommendations of ISWGNA and AEG to

• Focus on following three priority areas for further research and

development ▫ Globalization ▫ Digitalization ▫ Economic wellbeing and sustainability

5

ISWGNA Task Force on Research Agenda

▪ Established in May 2018 ▪ Chair: Eurostat, Secretariat: UNSD ▪ Objective:

• to establish a programme of work to resolve issues related to

globalization, digitalization and economic well-being and sustainability, through broad consultation among key stakeholders

6

ISWGNA Task Force on Research Agenda

▪ The specific objectives of the Task Force are:

• analyse the various research agendas and propose a consolidated

list of all issues, linked, where relevant, to the three priority areas;

• analyse the feasibility of making progress on these issues in the

short to medium term (thereby identifying remaining issues for the longer term);

• analyse the issues as regards their potential impact on the

current SNA;

• analyse the issues as regards their potential cost of

implementation;

• analyse the issues as regards their potential impact on key SNA

aggregates (GDP, GNI).

7

8

Annex 4 of 2008 SNA Other issues under discussion by AEG Balance of Payments Government Finance Statistics (GFS) SEEA-CF SEEA-EEA

Consolidated list of issues

External sector statistics

• Globalization
• Digitalization
• Well-being and

sustainability

Assessing SNA research priorities

9

▪ Three questions used to assess the priority to be given to a research item

• How urgent and important is the topic to ensure that the

SNA continues to be relevant to the users?

• How widespread are the consequences of change and how

complicated will implementation be?

• Is the topic completely new or has much of the preparation

for considering the item been completed?

Updating procedure for the SNA

10

Example of issues from the SEEA-CF

▪ Development of consistent valuation techniques ▪ Depletion of natural biological resources

• and non-renewable resources

▪ Recording of losses and their impact on the accounts and on households ▪ Imputations for taxes and subsidies when government regulation requires industry support

11

Example of issues from the SEEA-EEA

▪ Recording of ecosystem services in the sequence of institutional sector accounts ▪ Institutional arrangements in the valuation of non- market transactions ▪ Valuation and recording of degradation of ecosystem assets ▪ Assumptions when applying NPV ▪ Valuation approaches when resource rents are low or negative

12

Timeline of the Task Force

Nov 2018

AEG meeting on the consolidated list of issues

Nov 2018- Feb 2019

Global consultation

2019 UNSC

Reporting on the list of issues

Mar-Oct 2019

Identify way forward in the short/med ium term in-depth analysis of research priorities Nov 2019 AEG meeting

13

2020 UNSC Reporting on update 2008 SNA and its procedure

14

Thank You