Analytical Aspects of Using the Information Base of the System of National Accounts in Macroeconomic Statistics
Built on unified methodological and calculation principles, the SNA is an integrated system of indicators, which in modern statistics is the information basis for comprehensive socio-economic analysis, modeling and conducting international and interregional comparisons. On the basis of the SNA, a solution can be provided to the priority tasks of statistical analysis related to the study of the current state of the economy, the most important economic interrelations and general patterns, as well as the trends in its development. Depending on the principles of construction and content of aggregated indicators, the solution of such tasks based on the SNA data can be provided at the macroeconomic, regional and sectoral levels.
Within the framework of general economic analysis , the SNA data allow to reveal the main results of economic activity in the reporting period, to determine the most important economic proportions, to reveal the intensity, interconnection and direction of resource flows in the economy, etc. The SNA data is also an information basis for analyzing the most important social processes associated with the formation, distribution, redistribution and use of income.
In accordance with the sequence of the accounts being developed and their content, the directions of statistical analysis based on the SNA extend to the sphere of production, formation, distribution, redistribution and use of income, investment activities and financial relations between economic entities.
The data reflected in basic accounts of the SNA, have a special significance in statistical analysis, which allows to reveal the interrelationships of processes and phenomena observed at different stages of economic turnover. In the latter case, more complex, qualitative aspects of the analysis of the functioning of the economy in terms of assessing the structural interrelations, the effectiveness of production, distribution, investment and financial relations between economic entities, etc., can be realized.
Based on the analysis of the indicators contained in the production account and characterizing the results of production activity in the reporting period, the following may be revealed:
- total production, intermediate consumption and consumption of fixed capital;
- the general structure of production with the allocation of the most important proportions in terms of production of goods and services, types of production, etc.
- the structure of gross output, which can include its market and non-market elements and release elements intended for own end use;
- the relationship between the basic indicators of the account - gross output, intermediate consumption, value added and consumption of fixed capital, which are the basis for a qualitative analysis of production activities associated with the assessment of production efficiency, the use of material and capital resources, etc.
Generation of income account
This account is the basis for the analysis of economic relations associated with the formation of incomes of economic entities participating in production activities.
The basis of such an analysis is the allocation in the indicators of domestic product and value added elements in the form of labor remuneration, employers' social contributions, taxes on production and imports, subsidies, operating profit and mixed incomes.
In addition to analyzing the general and structural indicators of the account on its basis, the relations between the constituent elements can be determined. In particular, in the analysis of the structure of incomes formed in the form of wages, the relationships between the wage fund fees and the amount of social contributions made by employers, which may also identify the directions of such deductions, characterizing the overall structure of the existing social security system.
Significant analytical possibilities are contained in the information characterizing the sources and structure of the formation of taxes in the form of production taxes related to specific production entities and taxes on products formed in the sphere of goods and services turnover. In the latter case, the general structure of the formation of taxes can be identified in the analysis process in accordance with the main types of taxes in the SNA: VAT and similar types of taxes, taxes and import duties, export taxes and taxes on products and production.
By analogy, based on the analysis, features of the existing subsidy system can be identified, its structural elements and their relationships are defined.
This account can also reveal the most important economic proportions in the production of goods and services, determined by the relationship between GDP, value added and intermediate consumption in the economy and its sectors, as well as their relationship to indicators that characterize the financial performance of production activities - profit and mixed incomes. In the first case, the results of such an analysis are estimates of the effectiveness of the use of resources in production, the second - the effectiveness of financial results of production activities.
How to ...
We made your life easier with putting together a big number of articles and guidelines on how to plan and write different types of assignments (Essay, Research Paper, Dissertation etc)