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| Contributor | Rob Edwards, Peter Comisari, Tony Johnson, Australian Bureau of Statistics, Australia |
| Title of paper | Beyond 1993: The System of National Accounts and the New Economy |
| Abstract | Over the nine years since the 1993 edition of the System of National Accounts (SNA) was released, there have been developments in economies and societies that impinge upon the SNA. These developments, which are often labelled as the “new economy”, have caused policy makers and other analysts to focus on issues such as: the role of knowledge and human capital in economic growth; the role of developments in information technology and communications in economic growth; the impact of economic activity on the environment and society; wealth and its relationships with consumption in general and in the context of an ageing population in particular. There have also been changes in the views of national accountants and users. For example, the development of the OECD manual, Measuring Capital has led to a much better understanding of capital-related measures, namely economic capital stock, capital rentals and consumption of fixed capital. The OECD manual also identifies unfinished business in respect of intangible assets, which are seen as a key element of the new economy. This paper seeks to look at current and emerging “new economy” issues from an SNA perspective and to identify those areas where the SNA might need to be further developed. This paper does not purport to provide definitive “solutions” to the issues raised. Instead, it seeks to identify issues that should be placed on the research agenda for possible future changes to SNA. |
| Full document | Beyond 1993: The System of National Accounts and the New Economy |
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