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The recent economic and financial crisis has increased the spotlight on the OECD’s CLI and indeed broadened its base of users beyond its traditional specialised audience. To respond to the needs of this broader base, the OECD has decided to produce this note that provides a more accessible and less technical explanation of the CLI and the ways in which it should be interpreted.
The latest System of National Accounts (the 2008 SNA) explicitly recognises, for the first time, that expenditures on research and experimental development (R&D) should be recorded as capital formation. This is a natural extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively in this publication as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and in the absence of clear guidance it is highly likely that estimates will not be comparable between countries. This Handbook is designed to provide that guidance by considering IPPs collectively, based on their common characteristics, by type, based on any specificities, such as data availability, and by detailed transaction - for example the valuation of IPPs that have been produced for internal use by their developers, the valuation of unsuccessful IPPs, and the production of IPPs produced and made freely available by government.
In a keynote speech delivered at the OECD 3rd World Forum on Statistics, Knowledge and Policy, Mr. Angel Gurría has warned that unless a new generation of statistics is developed to measure social progress and well-being, people may lose confidence in institutions and in the capacity of governments to address their problems.
The data presented are an extract (Switzerland) of the database Monthly Statistics of International Trade (MSIT) , which provides detailed monthly, quarterly and annual data on trade by OECD member countries and groups of member coutries with partner countries and group of partner countries. MSIT is also available as monthly paper publication.
Statistics Working Paper N. 29 - 2009/3 - This paper investigates the notion and role of trust in modern societies as a first step towards the construction of indicators that could better inform our understanding of societal progress. Trust is commonly viewed as a proxy indicator of social capital, and a high level of trust is considered a factor that can enhance economic growth and social well-being. Indicators of trust inform about
Assessing the progress and failings of our societies requires a far broader set of measures than just economic indicators.
The OECD is ready to play a key role in helping to implement the recommendations of a commission of international experts on new ways of measuring well-being and progress, OECD Secretary-General Angel Gurría said.
Workshop on the International Measurement of culture which was held at La Muette on 4-5 December 2006
Main Economic Indicators: Electronically available national practices for individual OECD member countries - Updated in real time.
Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.