1.

Record Nr.

UNINA9910810966203321

Autore

Ramos Roberto

Titolo

Latin America : : Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA) / / Roberto Ramos, Lisbeth Rivas, Gonzalo Pastor Campos

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

1-4623-5679-6

1-4527-8540-6

1-4518-7097-3

9786612841903

1-282-84190-4

Edizione

[1st ed.]

Descrizione fisica

1 online resource (53 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/239

Altri autori (Persone)

RivasLisbeth

Pastor CamposGonzalo

Disciplina

339.3091821

Soggetti

National income - Latin America - Accounting - Evaluation

Investments: General

Macroeconomics

General Aggregative Models: General

Investment

Capital

Intangible Capital

Capacity

Macroeconomics: Consumption

Saving

Wealth

Urban, Rural, and Regional Economics: Household Analysis: General

Aggregate Factor Income Distribution

National accounts

Gross fixed investment

Consumption

Household consumption

Income

National income

Saving and investment

Economics

Nicaragua



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Background; Boxes; 1. Changing the Base Year: What does it Imply?; 2. Latin America: Impact on Nominal GDP Levels from Changes in Base Year and Implementation of 1993 SNA; III. Key Methodological and Data Source Upgrades; 3. 1993 SNA Main Methodological Changes from 1968 SNA; IV. Updating National Accounts in Latin America: A Preliminary Assessment; A. Quality Gaps vis-à-vis Best Practices; Tables; 1. Latin America and the Caribbean: Data ROSC: Summary of Results-National Accounts; B. Economic Dimensions of the Data Revisions

2. G8 Countries: Data ROSC: Summary of Results-National Accounts Figures; 1. Median changes in Base year Nominal GDP: Expenditure Approach; 2. Median changes in Base year Nominal GDP: Production Approach; 3. Latin America: Difference in Real GDP Growth Rates Under New and Old National Accounts Statistics; 3. Average Real GDP Per-capita Growth Rates Under Alternative NA Series; 4. Latin America: Changes in GDP Structure due to Changes in National Accounts Statistics; 4. Selected Countries: Share of Compensation to Employees in Total Nominal GDP; C. Remaining Data Puzzles

5. Changes in the Composition of Aggregate Demand Under New National Accounts Statistics 5. Brazil: Changes in Real Consumption Growth Rates Resulting from Comparing Old and New NationalAccounts; 4. Reconciliation of Household Survey and National Accounts Households Final Consumption Expenditure Data; 6. LAC Region: Simple Correlation Between Gross Fixed Capital Formation in Machinery and Equipment and Imports of Capital Goods; 7. LAC Region: Gross Fixed capital Formation Ratios to GDP and Alternative ICOR Estimates

5. Issues with the Calculation of Gross Fixed Capital Formation in Construction Activities 6. Latin America: Average Changes in Inventories, 2000-2005; 7. Latin America: Peak Value of Changes in Inventories, 2000-2005; 8. Caribbean Region: Average Changes in Inventories, 2000-2005; V. Estimation Bias in the Compilation of Nominal GDP Figures: A First Approximation; 9. Caribbean Region: Peak Value of Changes in Inventories, 2000-2005; 6. Latin America: Status of 1993 SNA Implementation-Replies to IBGE's Questionnaires; 8. LAC Region: Biases in Nominal GDPCalculations

A. Nominal GDP Under-estimation due to Outdated Base year and Lagging 1993 SNA ImplementationB. Under-estimation of Household Final Consumption Expenditure; C. Over-estimation of Gross Fixed Capital Formation in Construction; 9. Latin America: Sensitivity Analysis Under Alternative GDP Ratios of Gross Fixed Capital Formation in Construction, 1995-2005; VI. Concluding Remarks; VII. Selected Bibliography; Appendix Tables; 1. Latin America and the Caribbean: Inclusion of Selected Variables in the National Accounts Statistics and Consumer Price Index (CPI)

2. Latin America and the Caribbean 1993 SNA Implementation Status and National Accounts Statistics Vintage Base Year ..

Sommario/riassunto

This paper reviews the Latin American experience with the implementation of 1993 SNAand the updating of the national accounts' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming from the use of



outdated national accounts base years, downwards biases with household final consumption estimates, and an overestimation of gross fixed capital formation in construction activities.