Globalisation%20

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Globalisation goods sent abroad for processing
Agenda item 7

• Discussant
• Ann Lisbet Brathaug
• Head of Division for National Accounts

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Figure 1. Processing, gross recording
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Figure 2. Processing, net recording
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Points to be considered

• Net recording
• institutional economic perspective (consistent
  cross border transactions and financial flows
  between legal units)
• Gross recording
• description of real economic phenomena (physical
  trade flows, manufacturing transformation
  process)
• Consistency between National Accounts and Labour
  Force Statistics
• Asymmetry between production of goods and related
  input, employment and fixed capital of stocks
• Link between production in NA and environmental
  indicators
• emissions and waste from use of specific types of
  raw materials
• Link between NA and System of integrated
  Environmental Economic Accounts (SEEA)
• NA and transportation analysis

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Cont.......

• Link between the traditional manufacturing
  production index and the structural business
  statistics for manufacturing
• Industrial classification
• How should manufacturing units be classified if
  their production is moved abroad and only
  research and development and distribution is left
  back

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Towards a new supplementary (satellite) system?

• A new supplementary system should record
  processing on a gross basis, showing the cross
  border transactions in raw materials and finished
  goods, and in this way facilitating analysis of
• The link between the domestic goods production
  and domestic employment according to the Labour
  Force statistics, and between goods production
  and the use of fixed capital, thus accommodating
  consistent production and productivity analysis
• The link between goods production and energy
  consumption as presented in Energy Accounts and
  Balances
• Environmental issues by combining National
  Accounts data on output and other economic
  variables, and environmental indicators and data
  on emissions and waste from the industries