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Economics Demystified: South West Regional Accounts

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Allison McCaig delivers a presentation on the South West Regional Accounts, provided by the RDA.

Allison McCaig delivers a presentation on the South West Regional Accounts, provided by the RDA.

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Economics Demystified: South West Regional Accounts Economics Demystified: South West Regional Accounts Presentation Transcript

  • The Regional Accounts Economics Training – 26 th October 2010
  • What are the SW Regional Accounts?
    • Detailed Structural Map of the Economy (2007)
      • the linkages between SW industries
      • how SW industries link into external markets such as UK regional and international export markets
      • the connections between the SW industries, the labour market, and SW household expenditure
      • An economic impact tool (input-output model)
  • What are the SW Regional Accounts?
    • 2. A Time Series of Key Economic Variables
      • GVA, FTE workers, no. of businesses, exports
      • 111 industries defined by SIC (+29 region only)
      • SWRDA Priority Sectors
      • 15 UA/County sub-regions of the SW (not for exports)
      • Spanning 1998-2008
      • More detailed by industry than ONS RAs
      • Importantly, provides comparable estimates of related variables e.g. FTE, not just GVA on its own.
  • Statistics you can derive from the RAs
    • Industrial structure
    • Measures of productivity
    • Capital expenditure
    • Orientation & Nature of Sales & Purchases
      • International exports as per FTE
      • Purchases of goods & services from the SW as a % of total purchases by industry
    • Input structure of an industry e.g. expenditure on R&D
  • Data Sources
    • Principal source for industry financial data is the ABI/2
    • ONS Regional Accounts GVA
    • ONS household accounts
    • ABI/1 labour market & industry data from NOMIS
    • Variables derived from Labour Force Survey
    • Family Expenditure Survey
    • HMRC data on international exports by region
    • REWARD project data for emissions and waste
    • plus lots more……..(see help files)
  • What are the Benefits of the RAs?
    • Disparate data within meaningful economic framework
    • Provides consistency + greater ‘interactivity’ between data
    • Structure facilitates analysis e.g. impact model
    • Greater use & scope to existing data, expanding the evidence-base
    • Accessible to a wider audience (technical/cost issues)
    • At a lower cost (data, no duplication, economies of scale)
  • Availability of the Regional Accounts
    • Full accounts = stand-alone software called ECON|i
    • ‘ Slimmed down’ accounts = online
    • FREE of charge to anybody (at the moment…)
    • Users include
        • RDA staff
        • Local Authorities
        • Consultants (both in the SW and elsewhere in GB)
        • Private companies working on in-house research
        • Academics & students
  • Show me…..
  • Training
    • Website resources
    • Training courses
  • Contact us
    • [email_address]
    • [email_address]