Slides Session 6, Remond-Tiedrez

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Session 6
A consolidated European Union and Euro Area
supply-use system and input-output
tables
Eurostat, Unit C2, Isabelle Rémond-Tiedrez
Joint paper written by Rueda-Cantuche, J.M.,
Beutel, J., Remond-Tiedrez,I.,
Bouwmeester, M. C. and Oosterhaven, J.)
WIOD meeting – Sevilla May 26th 2011
Project history
 Oct 2007: cooperation is set up
– Eurostat National Accounts Unit
– Institute for Prospective Technological Studies (JRC-IPTS)
in Seville and
– the Konstanz University of Applied Sciences.
 Early 2010, collaboration extended to :
– EUROSTAT Unit E.7 (Environmental accounts and
climate change) and its contractors
 May 2011: Eurêka data on line
WIOD meeting – Seville May 26th 2011
Which selection of tables for European
aggregates?
 Supply table (SUP) at basic prices for the 27 EU
Member States, the European Union and euro area;
 Use table (USE) at basic prices broken down into
domestic (USEdom) and imports (USEimp) uses for the
27 EU Member States, the European Union and euro
area;
 Symmetric product by product input-output (SIOT) table
broken down into domestic and imports uses for the
European Union and euro area.
WIOD meeting – Seville May 26th 2011
Which details for European aggregates?
 Current prices
 Years 2000 onwards
 59 products (CPA) * 59 activities (NACE)
 6 products * 6 activities
WIOD meeting – Seville May 26th 2011
Data availability
 Official tables (ESA Transmission Program):
– SUP yearly (table 1500)
– USE at purchaser’s prices yearly (table 1600)
– SIOT, SIOTdom, SIOTimp 5-yearly
(tables 1700, 1800, 1900)
 Additional tables
– USE at basic prices (1610) USEdom (1611) USEimp
– Trade and Transport Margins (1620)
– Taxes Less Subsidies (1630)
WIOD meeting – Seville May 26th 2011
(1612)
Official and additional tables
25
Official
Additional
5-yearly average
20
yearly average (up to 2006)
Number of countries
2007
15
10
5
0
SUP
USEpp
WIOD meeting – Seville May 26th 2011
SIOT
SIOTdom SIOTimp
USEbp
Usedom
Useimp
TTM
TLS
Methodology
1. Estimate USE table at basic prices for every country
with split import and domestic;
2. simply add-up the 27 tables
3. balance the intra-EU import table with the information
on intra-EU exports
4. aggregate domestic and balanced intra-EU imports
5. transform European SUT into IOT
 -> technical paper
http://epp.eurostat.ec.europa.eu/cache/ITY_SDDS/Ann
exes/naio_esms_an1.pdf
WIOD meeting – Seville May 26th 2011
Methodology, point 1: estimation of USE at basic
prices
 Itineraries defined according to available data
 Purchaser's prices (excluding any deductible VAT)
- trade and transport margins
- non-deductible VAT
- taxes on products
+ subsidies on products
= Basic prices
-> USE pp – TTM – TLS = USEbp
 Estimations of TTM, TLS not essential: TLS+TTM
 Assumptions: product technology assumption, proportionality
of imports
 Examples
WIOD meeting – Seville May 26th 2011
Data situation: 5 groups
30
Number of countries
25
20
15
10
5
0
2000
2001
2002
2003
2004
2005
2006
2007
EXCELLENT
GOOD
SATISFACTORY
INCOMPLETE
NON AVAILABLE
WIOD meeting – Seville May 26th 2011
Estimation of USE at basic prices, examples for 2
data situations
 Good data situation:
– SUP, USEpp, SIOT, SIOTdom, SIOTimp
– Product technology assumption
– Reverse model : SIOT, SIOTdom, SIOTimp
 Incomplete data situation:
– SUP, USEpp
– Previous years’ information -> itinerary
– Split import/domestic
WIOD meeting – Seville May 26th 2011
Good data situation
SIOT
SIOTimp
SUP
USEpp
SIOTdom
Itinerary 2:
Reverse Model
(dark blue)
IMP
Distinguishing
domestic and
import uses (bright
green)
USEbp (draft)
Final demand
Value added
USEbp (final)
USEimp(-1)
USEimp
WIOD meeting – Seville May 26th 2011
USEdom
Incomplete data situation
USEpp
SUP
TLS(-1)
Itinerary 4:
Merging
valuation
matrices
IMP
TTM
USEbp (draft)
USEbp(-1)
Distinguishing
domestic and
import uses
TLS
TLS + TTM
USEpp(-1)
Value added
USEbp (final)
USEimp(-1)
USEimp
WIOD meeting – Seville May 26th 2011
USEdom
The result: EU27 Symmetric Input-Output table
Homogenous branches
Other
Financial
Trade,
Agriculture, Industry incl. Construction transport services and services
hunting and energy
and com- business
fishing
munication activities
services
6
5
4
3
2
1
PRODUCTS (CPA)
6 223
3 630
23 558
2 824
173 007
45 984
Products of agriculture, hunting and fishing
256 642
219 335
519 579
358 832
77 135 2 420 959
Industrial products (incl Energy)
45 664
115 441
45 149
338 556
42 210
2 679
Construction work
179 001
250 806
827 984
116 605
721 866
35 294
Trade, transport and communication services
356 951
721 684 1 248 467
177 631
650 201
24 685
Financial services and business services
257 734
102 976
68 916
10 497
78 308
4 798
Other services
190 575 4 086 552 1 004 945 2 206 870 1 940 655 1 102 216
Total Domestic
599
238
1 888
186
16 658
2 619
Products of agriculture, hunting and fishing
43 707
33 206
67 847
31 600
576 283
7 079
Industrial products (incl Energy)
91
136
54
872
154
4
Construction work
3 259
7 307
38 242
1 288
12 326
315
Trade, transport and communication services
10 538
44 156
19 029
4 282
27 807
542
Financial services and business services
5 078
1 277
2 104
134
2 033
24
Other services
63 271
86 320
129 163
38 362
635 260
10 582
Total imports from third countries
93 482
81 898
76 874
17 346
66 135
4 598
Taxes less subsidies on products
205 755 4 787 947 1 060 653 2 412 907 2 108 873 1 258 968
Total intermediate consumption/final use at purchasers' prices
386 808 1 277 489 1 231 574 1 748 497
62 593 1 183 080
Compensation of employees
142 051
124 299
133 121
30 927
121 883
- 20 638
Other net taxes on production
147 093
435 521
163 027
25 797
197 842
19 726
Consumption of fixed capital
281 014
610 283 1 212 077
216 091
561 192
114 440
Operating surplus, net
428 108
773 309 1 647 597
241 887
759 034
134 166
Operating surplus, gross
659 622 2 183 919 3 003 470 2 318 655
176 121 2 063 997
Value added at basic prices
381 876 6 851 944 1 720 275 4 596 826 5 112 343 3 577 624
Output at basic prices
WIOD meeting – Seville May 26th 2011
Total
7
255 226
3 852 483
589 699
2 131 556
3 179 619
523 230
10 531 812
22 187
759 722
1 312
62 737
106 353
10 649
962 959
340 333
11 835 104
5 890 041
531 642
989 005
2 995 097
3 984 101
10 405 783
22 240 888
Gross
Final consumption ex- capital
penditure formation
8
101 765
1 469 520
48 082
2 082 144
1 462 441
3 014 418
8 178 370
11 601
242 800
41
15 244
7 324
6 362
283 372
742 770
9 204 513
9
11 811
562 335
1 080 334
150 386
282 700
23 353
2 110 920
1 241
160 634
765
369
5 965
1 041
170 014
180 117
2 461 051
Exports Final uses at Total use at
basic prices basic prices
12
11
10
381 876
126 650
13 075
967 607 2 999 462 6 851 944
2 160 1 130 576 1 720 275
232 739 2 465 270 4 596 826
187 583 1 932 724 5 112 343
16 622 3 054 393 3 577 624
1 419 785 11 709 075 22 240 887
36 054
13 867
1 025
507 799 1 267 521
104 366
2 124
812
6
83 730
20 994
5 382
125 505
19 152
5 863
18 597
7 948
544
570 572 1 533 531
117 185
929 205 1 269 538
6 318
1 543 288 13 208 852 25 043 956
Consistency: EU27 SUIO Tables versus Macro
economic aggregates
2006
2005
2004
2003
2002
2001
2000
0,4%
0,2%
0,0%
-0,2%
-0,4%
-0,6%
-0,8%
-1,0%
-1,2%
-1,4%
Final consumption expenditure (Use table)
Value added at basic prices (use table)
WIOD meeting – Seville May 26th 2011
Gross capital formation (use table)
Taxes less subsidies onproducts (use table)
Next steps
 Dissemination of EU27 and EA17 data via Eurostat
database
 Statistics in focus including environmental extension
 Data 2000-2006 now available; 2007 by September
 Nace rev 2: from year 2008 onwards – no backdata
WIOD meeting – Seville May 26th 2011
Supply Use Input-Output Table
Super Tool
Comments, analysis :
isabelle.remond-tiedrez@ec.europa.eu
WIOD meeting – Seville May 26th 2011
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