Discussant remarks on ECE/CES/GE.23/2009/12 BEA, USA

Slides:

Advertisements

Similar presentations

An activity for “The ABCs of GDP”

Advertisements

A better measure of standards of living: the Gross National Disposable Income Clara Capelli & Gianni Vaggi University of Pavia.

ECON 1211 Lecturer: Dr B. Nowbutsing Topic 1: Introduction to Macroeconomics and National Income Accounting.

PRESENTATION OF THE CENTRAL GOVERNMENT DEBT By Isabelle Ynesta National Accounts and Economic statistics.

7 - 1 Measuring Domestic Output, and National Income Measuring Domestic Output, and National Income.

Globalization IB HL. Definitions Core and Periphery: The concept of a developed core surrounded by an undeveloped periphery. The concept can be applied.

Balance of Payments 3/2/2012 Unit 3: Exchange Rates.

Changes to the compilation of UK National Accounts and Balance of Payments Statistics Presenter: Dr Robert Dunn, ONS.

Expenditure Approach National Income Accounting. Two Methods of Calculating GDP There are two methods of calculating GDP: the expenditure approach and.

Aggregate Demand and the Powerful Consumer Chapter 8.

Measuring Economic Activity It is also called NATIONAL INCOME ACCOUNTING. Why should we measure? - Observe a country’s performance over time. - Compare.

Chapter 7- National Income Accounting Distribution of GDP 1.

Chapter Twenty- Nine: The Global Economy and Policy.

OVERVIEW OF THE SYSTEM OF NATIONAL ACCOUNTS, INCLUDING BASIC IDENTITIES Peter van de Ven Head of National Accounts OECD Short Course on National Accounts.

Module 10 Mar  It is a diagram of a simplified representation of the macro-economy.  National income and product accounts or national accounts.

© 2007 Thomson South-Western Measuring a Nation’s Income Microeconomics is the study of how individual households and firms make decisions and how they.

Income Approach National Income Accounting. Two Methods of Calculating GDP There are two methods of calculating GDP: the expenditure approach and the.

Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS INTRODUCTION TO GOVERNMENT FINANCE STATISTICS Part 2 This lecture.

Chapter 9 Gross Domestic Product 9-1 Copyright  2005 by The McGraw-Hill Companies, Inc. All rights reserved.

Household Surveys and the New Definitions of Remittances Michael Mann Expert Group Meeting on the Contribution of Household Surveys to Measuring Remittances.

1 Gross Domestic Product ©2006 South-Western College Publishing.

1 Valuation of Assets and Liabilities in Financial Accounts 2006 WPFS Item 1 François Lequiller OECD secretariat.

GDP GROSS DOMESTIC PRODUCT. DEFINITION BASIC MEASURE OF NATIONAL ECONOMIC OUTPUT. THE VALUE, EXPRESSED IN DOLLARS, OF ALL FINAL GOODS AND SERVICES PRODUCED.

Chapter 5 Saving and Investment in the Open Economy.

National Accounts at a Glance New OECD publication National Accounts Working Party Meeting Paris 4-6 November 2009.

Measuring Domestic Output, National Income, and the Price Level CH 7 *

Chapter 6 Review Measuring Domestic Output & National Income.

GDP and the CPI: Tracking the Macroeconomy Chapter 7 THIRD EDITIONECONOMICS and MACROECONOMICS MACROECONOMICS By Nimantha Manamperi.

1 1 R&D in the Norwegian National accounts Presented by Knut Ø. Sørensen Statistics Norway Agenda item 4 Invited paper 14.

Key Issues in Recording of Remittances in the Balance of Payments and Recent Improvements in Concepts and Definitions International Technical Meeting on.

Chapter 8- Measuring Total Production & Income Distribution of GDP 1.

Real Sector Division IMF Statistics Department The views expressed herein are those of the authors and should not necessarily be attributed to the IMF,

1 ADDITIONAL OECD REQUIREMENTS OF ANNUAL CAPITAL STOCK AND RELATED DATA OECD National Accounts Experts Meeting Chateau de la Muette, Paris 7-10 October.

What’s GDP?. What is gross domestic product (GDP)?

REMITTANCES LEARNING OBJECTIVES TO DEFINE REMITTANCES

New Annual National Accounts Publication

Learning Objective Today I will be able to compare the GDPs and CPIs of different countries by calculating the GDP & CPI across the world by searching.

Alternative Measures of Personal Saving

Income inequality in BiH: Combining survey and tax record data

Chapter 11 Gross Domestic Product

Group of Experts on the Impact of Globalisation on National Accounts

Gross Domestic Product

The Circular Flow and Gross Domestic Product and Interpreting Real Gross Domestic Product Lesson 23 Sections 10, 11.

Discussant remarks on ECE/CES/GE.23/2009/14 WTO

Please read the following License Agreement before proceeding.

Section 3 Module 10.

International Technical Meeting on Measuring Migrant Remittances

Agenda point 7 Next steps – Roadmap

Saving and Investment in the Open Economy

Finland: Compiling merchanting according to BPM6

Item 13: Other transfers ESTP course on National Accounts ESA 2010

GDP Gross Domestic Product

2 Methods and 4 Categories of GDP

GDP Made Simple.

96% of leaders do not think 21% of GDP is an appropriate target for health care spending in “In 2009, health care will account for almost 17% of.

Tracking the Macroeconomy

Presented by Jorrit Zwijnenburg (OECD)

Conducting Marketing Research

Globalization IB HL.

Measuring National Output and National Income

Comments by Anne Harrison

Ch.12.4 Table 4 EDP TABLES GFS training course 2014

An Explanation of the Measurement and Control of National Income

Conducting Marketing Research

Balance of Payments.

National Income Accounts

Item 13: Other transfers ESTP course - ESA 2010 National Accounts

Item 11: Taxes and social contributions

Input-output Statistics and Analysis National accounts basics

Presentation transcript:

Discussant remarks on ECE/CES/GE.23/2009/12 BEA, USA Agenda item 7 Remittances Discussant remarks on ECE/CES/GE.23/2009/12 BEA, USA

Remittances This is a very good paper – clearly written, well structured and well suited to the proposed manual on how globalisation affects national accounts measures.

Remittances Examples of size are good, could be made more vivid: how doesmit affect individual recipient countries in terms of GDP, GNI? Top 10 developed countries’ sending of remittances

Growth in remittances 1982 – 2008

Remittances Collection issues Small size of individual transactions Uncertain status of who makes them Transactions outside the formal financial system Household surveys not good at income measures Money transfer operators – net not gross

Remittances Page 7 has a very important picture, giving how “remittances” as defined by users relates to national accounts and BPM headings Page 8 para 18 – this would benefit from more examples, sender and recipient countries and relation to GDP etc.

Remittances Bottom of page 8 – very clear table showing how user terms fit into national accounts definitions. Operational treatment “To determine which method (or combination of methods) is most appropriate for a nation, data compilers must be knowledgeable about their remittance market.

Remittances Questions and issues Is there one measure of remittances that should be preferred? No –let the users decide. Is there a problem combining transfers with income? No – disposable income may be the most interesting measure for a recipient economy

Remittances Does the variety of sources and methods hamper international comparisons? Yes, but what is the alternative? Compilers should know their data and use the best source for them. Examples? – I’m all ears

Remittances Summary A very clear paper, with the required emphasis on how remittances connect to national accounts measures More could be included (with examples) on the national accounts measures affected by remittances, and what the effect is of errors on the associated national accounts measures such as household income, household spending, saving, disposable income