Funded by the Seventh Framework Programme of the European Union
Paper by Carol Corrado, Jonathan Haskel and Cecilia Jona-Lasinio at 2015 IARIW-OECD Conference “Public Intangibles: The Public Sector and Economic Growth in the SNA”
In this paper we present the theoretical framework for analysis of public and non-profit sectors as developed under the SPINTAN (FP-7) project. A purpose of SPINTAN is to consider the role of public intangible investments within a coherent national accounts framework. A specific measurement goal is the construction of satellite accounts that capture public investments, tangible and intangible, at the level of detail needed for the economic analysis of impacts of public policies influencing economic growth.
Many of the challenges faced by the SPINTAN project are rooted in conceptual or empirical national accounting issues that SNA2008 (or its practice) does not fully clarify (or fully satisfy). The paper is organized around these challenges, thus offering the project’s experience as a contribution to the conference theme, “whither the SNA?”
April 16th, 2015