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Review of SNA research agenda

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Presentation on theme: "Review of SNA research agenda"— Presentation transcript:

1 Review of SNA research agenda
7th meeting of the Advisory Expert Group on national accounts 23-25 Apr 2012, New York

2 Outline of Presentation
Introduction Mechanisms for resolving research issues Research agenda website Issues for consideration

3 Introduction Several research issues emerged during the update of the 1993 SNA Listed in Annex 4 of 2008 SNA ISWGNA website, hosted by the UNSD, contains webpage dedicated to the SNA research agenda. Lists research issues Updated with new items that emerge and recommendations on existing items as agreed. 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?

4 Mechanisms for resolving issues
Proposals for task forces or expert groups to do research on specific topics should be submitted to the ISWGNA Ensures worldwide representation in the deliberation of research agenda issues Ensures proper implementation of the results in international standards or handbooks ISWGNA may also convene technical expert groups to advance research on particular normative and methodological matters. Groups will consist of relevant experts in national accounts, with a balanced regional representation. Groups will have limited life spans and focus on particular issues. Terms of reference for the tasks related to the subject will be formulated with every group

5 Mechanisms for resolving issues
Existing city groups and other technical expert groups Work may fall within scope of national accounts, but groups have their own mandates and governance structures ISWGNA will coordinate with these groups to take account of their work in the work programme of the ISWGNA For large projects (eg. the revision of the SNA) it may be necessary to develop separate project management frameworks ISWGNA assesses results per update procedures for the SNA established by the UNSC (1999) If changes are necessary ISWGNA presents changes to UNSC for adoption

6 Updating procedure for the SNA

7 Research agenda website
Facilitates the sharing of information about the issues under discussion, progress with such discussions and the long term research agenda. Comprised of five parts: Research issues under discussion (eg. FISIM, emission permits) Consultations AEG and task force meetings List of research issues SNA update procedure

8 Research agenda website
Issues list originated from a paper presented at the 5th meeting of the AEG (SNA/M1.07/14) Reports on 20 research issues Each topic described by an author under the following headings: The issue – explaining the issue; Reasons for inclusion in the research agenda Proposed time horizon for resolving the issue References Issues list needs to be updated to conform to the topics listed in Annex 4 of the 2008 SNA Is format of presentation still applicable to facilitate the process for resolving the research issues?

9 Issues for consideration
AEG is requested to: Comment on the ISWGNA's proposal not to pursue research agenda issues before 2015, unless a pressing need arises Provide guidance on the procedure for resolving the research issues; Express views on the priorities for resolving issues; Express views on the updating of the issues list on the research agenda website Express views on assigning focal points for particular issues.

10 Thank you

11 Issues list Reverse transactions Debt concessionality
Clarification of income concept in the SNA - should holding gains be included? Final consumption of corporations The relationship of SNA and IASB High inflation Issue details Accrual interest in the SNA - the debtor or creditor approach? Equity valuation and its implications Provisions Distinction between current maintenance and capital repairs Broadening the fixed asset boundary to include other intellectual property assets Treatment of Private-Public Partnerships Consolidation, both for government and private enterprise groups Wider use of fair value for loans Recognition of social security entitlements as liabilities Leases to exploit natural resources such as mineral deposits Reinvested earnings Output of central banks: taxes and subsidies on interest rates applied by central banks Inclusion of international organizations in the SNA Government social services

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