Changes in Inventories in the National Accounts


Book Description

The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.




Inventories in National Economies


Book Description

This book introduces a new approach in the field of macroeconomic inventory studies: the use of multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries. By analyzing a 44-year period series of annual inventory change in percentage of GDP in a set of OECD countries, disclosing their relationship to growth, industry structure and alternative uses of GDP (fixed capital investments, foreign trade and consumption), it fills a gap in the economic literature. It is generally accepted that inventories play an important role in all levels of the economy. However, while there is extensive literature on micro- (and even item-) level inventory problems, macroeconomic inventory studies are scarce. Both the long-term processes of inventory formation and their correlation with other macroeconomic factors provide interesting conclusions about economic changes and policies in our immediate past, and present important insights for the future.




System of National Accounts, 1993


Book Description

The 1993 SNA represents a major advance in national accounting. While updating and clarifying the 1968 SNA, the 1993 SNA provides the basis for improving compilation of national accounts statistics, promoting integration of economic and related statistics, and enhancing analysis of economic developments. The 1993 SNA deals more clearly with relationships between economic flows (such as production, income, savings, accumulation, and financing) and links between these flows and stocks. At the same time the 1993 SNA reflects the many significant developments that have taken place in financial markets and completes the integration of balance sheets into the system. The 1993 SNA also suggests how satellite accounts (e.g. environmental accounts) and alternative classifications (e.g., through social accounting matrices) an be used to augment the central framework of the system.




National Forest Inventories


Book Description

Forest inventories throughout the world have evolved gradually over time. The content as well as the concepts and de?nitions employed are constantly adapted to the users’ needs. Advanced inventory systems have been established in many countries within Europe, as well as outside Europe, as a result of development work spanning several decades, in some cases more than 100 years. With continuously increasing international agreements and commitments, the need for information has also grown drastically, and reporting requests have become more frequent and the content of the reports wider. Some of the agreements made at the international level have direct impacts on national economies and international decisions, e. g. , the Kyoto Protocol. Thus it is of utmost importance that the forest information supplied is collected and analysed using sound scienti?c principles and that the information from different countries is comparable. European National Forest Inventory (NFI) teams gathered in Vienna in 2003 to discuss the new challenges and the measures needed to get data users to take full advantage of existing NFIs. As a result, the European National Forest Inventory Network (ENFIN), a network of NFIs, was established. The ENFIN members decided to apply for funding for meetings and collaborative activities. COST– European Cooperation in Science and Technology - provided the necessary ?n- cial means for the realization of the program.










National Forest Inventories


Book Description

The book presents the current state and good practices of national forest inventories in monitoring wood resources and demonstrates pathways for harmonisation and improved common reporting. Beyond a general overview over availability and use of wood resources in different countries, it provides a unique collection of original contributions from national forest inventory experts with in-depth descriptions of current NFI methods in assessing wood availability and wood use in European countries, and selected countries from America and Asia.The main topics are national definitions and improvements in common reporting of forests available for wood supply, stem quality and assortments, estimation of change including growth and drain, and tree resources outside forest land. The book is a must-have for everyone who is contributing to national forest inventories either methodologically or operatively, for people who want or need to understand national forest inventory provided data and information on the availability of wood resources. By providing profound knowledge it is a valuable basis for scientists involved in scenario modelling and analysing effects of climate change, as well as individuals in private organisations and public administrations promoting the sustainable use of natural resources and the potential of green economy.




Quarterly National Accounts Manual


Book Description

This Manual provides guidance to compilers of national accounts on the concepts, data sources, and compilation methods required for development of a system of quarterly national accounts. More and more countries are recognizing that quarterly national accounts are an essential tool for management and analysis of their economy. The Manual is intended particularly for compilers who already have a knowledge of annual national accounting concepts and methods, and provides techniques for the development of a consistent time series of annual and quarterly accounts. It serves as acomplement to the System of National Accounts 1993, which has only a limited discussion of quarterly accounts, and will also prove useful as a tool for sophisticated users of quarterly national accounts.




Global Economic Prospects, June 2021


Book Description

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.