Steven Jan Keuning

European Central Bank

This article outlines a statistical information system that serves to monitor and analyze the interactions between economic development and social change. This so-called SESAME links the monetary data in the national accounts to non-monetary social and environmental data, and yields a consistent set of core indicators on the development of national...

An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most appropriate format for presenting intersectoral linkages at the national...

National accounts are a macro-economic accounting system that is compiled on the basis of a globally harmonized accounting standard, that is SNA93/ESA95. To a large extent, the SNA93/ESA95 accounting principles are also suitable for government (micro-)accounting purposes, if only because the accounts drawn up according to this standard are comparab...

At the 2000 Lisbon summit, the European Union formulated the ambition to transform itself into "the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion'. It is remarkable that, until recently, European statisticians were hardly involved in the...

This paper shows how environmental issues can be incorporated into macroeconomic accounting and analysis by the construction and use of a National Accounting Matrix including Environmental Accounts (NAMEA). The paper firstly elaborates on a number of conceptual issues on the harmonisation of environmental statistics and the national accounts. Speci...

The national accounts provide a systematic overview of the performance of a nation's economy. An important indicator which can derived from this system is Gross Domestic Product (GDP). Often, (volume growth of) GDP is put on a par with (the increase of) welfare or well-being of the society concerned. The latter, however, contains many other aspects...

It is increasingly acknowledged that the financial structure of a firm is an important determinant of its production costs. This paper argues that the use of a firm's liabilities should he seen as a separate input in the production process. At the same time, the input of non-financial assets is limited to the value that is used up during the refere...

The national accounting matrix including environmental accounts (NAMEA) contains figures on environmental burdens in relation to economic developments as reflected in the national accounts. In the NAMEA, existing national accounts matrices have been extended with accounts in physical units. Since 1994, the NAMEA is a regular part of the annual Dutc...

An important application of national accounts is in the formulation of socio-economic policy. This paper starts out with a discussion of the current situation in the Netherlands. Subsequently, it identifies several universal trends (more micro-oriented policy formulation, globalization, the rise of the flexible service economy, and the increasing i...

The National Accounting Matrix including Environmental Accounts (NAMEA) shows environmental pressures in physical units that are consistent with the monetary figures in the national accounts. Based on the expected contribution of each polluting substance to five major environmental problems, emissions are converted into theme equivalents per proble...

The national accounting matrix including environmental accounts (NAMEA) shows environmental burdens that are consistent with the economic figures in the national accounts. In the NAMEA, the existing national accounts matrix has been extended with accounts in physical units. On the basis of the expected contribution of each polluting substance to a...

This paper contains a theoretical and empirical analysis of the relation between productivity changes by industry and shifts in the income distribution by household group. These developments are connected through changes in the employment and remuneration rate of primary inputs in production, including several labor categories. Copyright 1995 by Ta...

This article presents an historical social accounting matrix (1938) for the Netherlands, including related, nonmonetary tables on demographic characteristics, employment, etc. Copyright 1994 by The International Association for Research in Income and Wealth.

The revised 1993 System of National Accounts (SNA) contains a chapter on social accounting matrices (SAMs), demonstrating that the input-output approach should be extended to a matrix presentation of a wider set of national accounts. This article describes the application of that chapter to the case of Indonesia, and elaborates on the linkage of a...

This paper presents a national accounting framework that is tailored to a description of the role of research and development (R&D) in the national economy. The main differences from the standard national accounts are some changes in basic concepts and the introduction of additional, more detailed, classifications. The framework facilitates drawing...

The standard System of National Accounts (SNA) is an integrating framework for the description of monetary activities and the balance sheets in an economy. This does not imply that it gives an account of all economic events in society. On the other hand, broadening the scope of the SNA by introducing large-scale imputations in order to account for...

This paper presents a modified national accounting system tailored to a description of Research and Development (R&D)in the national economy. The main differences with the standard national accounts are some changes in the basic concepts (e.g. own-account production of R&D is considered as capital formation) and the introduction of additional class...

This paper provides an estimate of the value of fixed capital stock in 22 industries, distinguishing three types of capital goods (domestically produced and imported machinery and equipment, and construction works). The estimates of capital stock have been built up with the help of the Perpetual Inventory Methad, whereby the allocation of investmen...

This paper shows that all flow accounts which may become part of the next system of national accounts (SNA) can be embedded easily in a social accounting matrix (SAM) framework. In fact, a SAM format has several advantages when compared to the traditional T-accounts for the institutional sectors. The SAM allows for more flexibility in selecting (1)...

This document sets out a new method for assessing the implications of public expenditure cuts for income distribution. The instrument is a social accounting matrix providing the appropriate conceptual framework for estimating all the direct and indirect effects of changes in any given category of public expenditure (e.g. agricultural investment or...

The increasing number of countries for which a Social Accounting Matrix (SAM) has been compiled testifies to the usefulness of this integrated data framework. Considerable resources are always involved in the construction of a SAM, for it provides a comprehensive description of an economy with emphasis on distributive aspects. This means that, unli...

In most developing countries profits account for a large proportion of national income, but their origin and use are widely divergent, related to the nature of ownership of the enterprise. Here an institutional classification of productive activities is developed and illustrated by the way profits go in Indonesia. By branch of industry they accrue...

Do markets in less-developed countries abate consequences of climate stress? Using changes in regional rice prices across the 19 regions in Java, Indonesia, during 1935-40, this paper will assess how rice markets responded to variations in rainfall, which is an important factor in rice production. It finds that rice markets were highly integrated a...

Do markets in less-developed countries abate consequences of climate stress? Using changes in regional rice prices across the 19 regions in Java, Indonesia, during 1935-40, this paper will assess how rice markets responded to variations in rainfall, which is an important factor in rice production. It finds that rice markets were highly integrated a...

Introduction For the ECB, adhering to high quality standards in the development, production and dissemination of European Statistics is a key factor in maintaining public trust in the ECB policy decision-making. To this end, since the start of Economic and Monetary Union, the ECB has emphasised key aspects of statistical quality, such as relevance,...