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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]