Změny v měření ekonomiky a dopady do odhadu produktivity

Changes in the Measuring of Economy and Its Impact on Productivity Estimation

Jaroslav Sixta and Kristýna Vltavská

Politická ekonomie, 2016, vol. 2016, issue 3, 351-368

Abstract: In 2014 notable changes in economy measuring have occurred. Primarily, it was caused by the implementation of a new ESA 2010 European standard of accounts subsequent to SNA 2008 an international Standards of accounts. Moreover, European statisticians executed other changes which met the requirements of Eurostat. These changes implemented the latest procedures in statistical models and used the most current data sources (e.g. Cenzus, 2011). The most notable changes represent the capitalization of research and development, the capitalization of government expenditures of military weapons and finally the capitalization of small material products. This paper describes all important details of the changes in economy measuring and shows the impact of the capitalization of new assets (research and development and military equipment) on productivity estimations in the Czech Republic.

Keywords: total factor productivity; regional accounts; national accounting; gross domestic product; ESA 2010 (search for similar items in EconPapers)
JEL-codes: C02 E22 O40 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.polek.1071

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