National Accounts for a Global Economy: the Case of Ireland

John Fitzgerald ()

Economic Papers from Trinity College Dublin, Economics Department

Abstract: Globalisation is affecting the way economic activity is reflected in the national accounts. Intellectual property, which is now part of the capital stock, interacts with the choice of global firms as to their legal structure, producing different national accounting outcomes for individual countries. This is but one manifestation of the challenges that a global economy presents for national accounting. Using the example of Ireland, consideration is given to the data needed to meet the needs of users of national accounts. In particular, more information is required to separately identify all the activity of multinational enterprises and domestically owned firms. This paper suggests a set of satellite accounts for Ireland that would show how changes in the economy affect the economic welfare of Irish residents.

Keywords: National Accounts; Globalisation; Intellectual Property; GNI (search for similar items in EconPapers)
JEL-codes: C82 E62 F60 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2018-05, Revised 2018-05
New Economics Papers: this item is included in nep-acc and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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https://www.tcd.ie/Economics/TEP/2018/TEP0418.pdf

Related works:
Chapter: National Accounts for a Global Economy: The Case of Ireland (2020)
Journal Article: National accounts for a global economy: the case of Ireland (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:tep0418

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