Actual Problems of Statistical Study of Economic Assets in Modern Conditions
Abstract: Purpose of research. It is necessary to clearly define the composition and structure of economic assets to conduct a systematic statistical analysis of the state and development of the national economy, including at the level of sectors, subsectors and institutional units.The purpose of the work is to systematize data on the availability and movement of economic assets in the context of information sources, methods of their assessment and analysis of the practice of macroeconomic calculations.Materials and met… Show more
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Cited by 5 publications
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The purpose of the study. Currently, much attention is paid to the collection, presentation and analysis of data on the volume, structure and dynamics of economic assets. The value of economic assets, their composition, and effective asset management determine the trajectory of the development of the national economy and its individual sectors. Financial assets are an integral part of economic assets, their importance in the activities of economic entities is steadily increasing. The purpose of the work is to systematize theoretical and practical developments on the presentation of data on financial assets in modern macroeconomic statistics of Russia, to determine the directions for improving the methods of evaluating financial assets, the system of indicators characterizing their condition and movement.Materials and methods. The authors considered the classification of financial assets, applied structural and dynamic data analysis, as well as methods of theoretical research in the form of generalization, comparison and special analytical procedures.Results. The paper defines the main directions of studying financial assets based on existing international standards, taking into account national statistical practice. The current issues of the theory and practice of statistical observation and presentation of data on financial assets, the adaptation of concepts and classifications of international standards to the Russian system of statistical accounting are considered. The features of the presentation of data on financial assets at the macro level are formulated, which are reflected in the national accounts, the system of indicators of monetary statistics and statistics of foreign economic relations, statistical indicators of the Bank of Russia. The authors conducted a quantitative assessment of the structure and dynamics of indicators characterizing the state and movement of financial assets.Conclusion. Statistical analysis of economic transactions with financial assets at the level of institutional units and sectors of the economy allows us to identify not only the main trends in the development of the financial sector of the economy, but also makes it possible to comprehensively consider changes in the value and composition of financial assets at the macro level. The change in the value of financial assets is determined on a balance basis, that is, as the difference between the value of acquired and disposed financial assets.The authors examined in detail the methodological basis for forming a financial account in the context of financial instruments and sectors of the national economy. The financial account provides comprehensive information in the sectoral context on transactions with financial assets and liabilities for the reporting period, allows you to reflect the change in their value as a result of economic operations performed by institutional units, as well as to identify sectors of the economy that did not perform transactions with financial assets. The analysis of the financial account data makes it possible to analyze in detail the change in the value of financial assets at the macro level, to assess the share of the impact of each sector of the economy and the type of asset. A similar approach is applied in analytical procedures with respect to the net obligations assumed.Macroeconomic statistics reflect the movement of financial assets and liabilities by sectors of the national economy and characterize Russia’s relations with the “rest of the world” by determining the volume of net lending by Russia to other countries or determining its status as a net borrower.The issues of the theory and practice of presenting data on financial assets and their use are relevant and promising areas for improving national statistical accounting. Work in this direction continues, although the process of active implementation of international standards in statistical practice has been going on for quite a long time. The quality of primary accounting data on financial sector operations has improved significantly recently, but there are still problems with obtaining data in terms of the full coverage of the statistical aggregate under study, as well as the timing of obtaining reporting data. In addition, the appearance of a large number of new financial instruments and transactions, including modified ones, in the business turnover of institutional units makes it difficult to identify and classify them.The authors of the article have repeatedly addressed the issues of macroeconomic calculations in their publications, which allowed them to consider in more detail topical issues related to the processes of reflecting financial assets.
The purpose of the study. Currently, much attention is paid to the collection, presentation and analysis of data on the volume, structure and dynamics of economic assets. The value of economic assets, their composition, and effective asset management determine the trajectory of the development of the national economy and its individual sectors. Financial assets are an integral part of economic assets, their importance in the activities of economic entities is steadily increasing. The purpose of the work is to systematize theoretical and practical developments on the presentation of data on financial assets in modern macroeconomic statistics of Russia, to determine the directions for improving the methods of evaluating financial assets, the system of indicators characterizing their condition and movement.Materials and methods. The authors considered the classification of financial assets, applied structural and dynamic data analysis, as well as methods of theoretical research in the form of generalization, comparison and special analytical procedures.Results. The paper defines the main directions of studying financial assets based on existing international standards, taking into account national statistical practice. The current issues of the theory and practice of statistical observation and presentation of data on financial assets, the adaptation of concepts and classifications of international standards to the Russian system of statistical accounting are considered. The features of the presentation of data on financial assets at the macro level are formulated, which are reflected in the national accounts, the system of indicators of monetary statistics and statistics of foreign economic relations, statistical indicators of the Bank of Russia. The authors conducted a quantitative assessment of the structure and dynamics of indicators characterizing the state and movement of financial assets.Conclusion. Statistical analysis of economic transactions with financial assets at the level of institutional units and sectors of the economy allows us to identify not only the main trends in the development of the financial sector of the economy, but also makes it possible to comprehensively consider changes in the value and composition of financial assets at the macro level. The change in the value of financial assets is determined on a balance basis, that is, as the difference between the value of acquired and disposed financial assets.The authors examined in detail the methodological basis for forming a financial account in the context of financial instruments and sectors of the national economy. The financial account provides comprehensive information in the sectoral context on transactions with financial assets and liabilities for the reporting period, allows you to reflect the change in their value as a result of economic operations performed by institutional units, as well as to identify sectors of the economy that did not perform transactions with financial assets. The analysis of the financial account data makes it possible to analyze in detail the change in the value of financial assets at the macro level, to assess the share of the impact of each sector of the economy and the type of asset. A similar approach is applied in analytical procedures with respect to the net obligations assumed.Macroeconomic statistics reflect the movement of financial assets and liabilities by sectors of the national economy and characterize Russia’s relations with the “rest of the world” by determining the volume of net lending by Russia to other countries or determining its status as a net borrower.The issues of the theory and practice of presenting data on financial assets and their use are relevant and promising areas for improving national statistical accounting. Work in this direction continues, although the process of active implementation of international standards in statistical practice has been going on for quite a long time. The quality of primary accounting data on financial sector operations has improved significantly recently, but there are still problems with obtaining data in terms of the full coverage of the statistical aggregate under study, as well as the timing of obtaining reporting data. In addition, the appearance of a large number of new financial instruments and transactions, including modified ones, in the business turnover of institutional units makes it difficult to identify and classify them.The authors of the article have repeatedly addressed the issues of macroeconomic calculations in their publications, which allowed them to consider in more detail topical issues related to the processes of reflecting financial assets.
The purpose of the study. Currently, the issues of determining, presenting and analyzing indicators of economic assets, in particular, financial ones, are relevant, since financial assets, along with nonfinancial ones, constitute the most important characteristic of national wealth as a level of development of the country and are the basis for constructing national accounts, indicators of monetary statistics and other sections of macroeconomic statistics. In modern conditions, the role of these constructions in making effective management decisions at the macro level, individual sectors, economic entities, on the development of the national economy as a whole is increasing. The aim of the work is to systematize theoretical and practical developments on the definition and presentation of data on financial assets in modern monetary statistics of Russia, to identify areas for improving methods for assessing financial assets, a system of indicators characterizing their presence, structure and dynamics.Materials and methods. In the paper, the authors considered the essence, functions, classifications of financial assets and liabilities, applied structural and dynamic data analysis, as well as methods of theoretical research in the form of generalization, comparison and special analytical procedures based on official statistics from Rosstat, the Bank of Russia, the Ministry of Finance and international statistical organizations.Results. The work formulates the main directions of the study of financial assets, based on modern international statistical standards, taking into account domestic practice. Topical issues of the theory and practice of statistical collection and presentation of data on financial assets in monetary statistics, the application of definitions and classifications of international standards to Russian official statistics are considered. The features of the reflection of data on financial assets at the macro level, in the system of indicators of monetary statistics, have been formulated. The authors carried out a quantitative assessment of the structure and dynamics of indicators of monetary statistics in Russia, which characterize the state and movement of financial assets and liabilities.Conclusion. A statistical study of transactions with financial assets and in connection with the formation of monetary aggregates makes it possible to identify not only the main trends in the development of these processes, but also makes it possible to characterize the contribution of a particular subsector to the total value of financial intermediation, to analyze the relationship between the financial corporations’ sector and other sectors, and also a comprehensive change in the volume and composition of stocks and flows of financial assets as a result of exchanges between residents and non-residents.The authors comprehensively reviewed the methodological framework for constructing money aggregates and reviews of the financial corporations’ sector, incl. in the context of financial instruments. Statistical information on financial assets in monetary statistics is presented in terms of the formation of the money supply, other aggregates, the base, as well as the interaction between the institutional subsectors of the financial sector. A comprehensive description of the presence and movement of financial assets in the composition of monetary statistics can be obtained from the monetary surveys, containing data on the flows and stocks of financial assets and liabilities of financial corporations (residents) in relation to all other sectors (residents), as well as non-residents.All considered data are comparable [17,18] since basically, one classification of financial instruments is applied, a different degree of detail can be applied in practice for different constructions, but the base is the same. Questions of the theory and practice of presenting indicators of financial assets in the considered sections of macrostatistics and their analysis are a relevant and promising direction for improving national statistical accounting. Work in this direction continues, and the process of actively introducing international standards into domestic statistics has been going on for quite a long time. In addition, telecommuting, collecting information via the Internet, the emergence of a large number of new financial instruments and transactions, including modified ones, in the business turnover of institutional units complicate their identification and classification.The authors of the presented study have previously considered in their articles the problems of macroeconomic calculations, which allowed them in their work to consider in more detail the topical issues related to the processes of reflection of financial assets in monetary statistics.
The purpose of the study. To characterize the level and dynamics of the country’s economic development, its sovereignty and, accordingly, the adoption of effective management decisions, quantitative information is needed on economic assets, in particular financial ones, their presentation in national accounts, monetary statistics and indexes of the external sector.The aim of the paper is to systematize theoretical and practical developments on the definition and presentation of data on financial assets in modern statistics of Russia’s foreign economic relations, to identify areas for improving methods for assessing and analysis of financial assets, a system of indexes characterizing their presence, structure and dynamics.Materials and methods. In the paper, the authors considered the definitions, specifics, classifications and categories of financial assets and liabilities, applied structural and dynamic data analysis, as well as methods of theoretical research in the form of generalization, comparison and special analytical procedures based on official statistics from Rosstat, the Bank of Russia, the Ministry of Finance and international statistical organizations.Results. The paper identifies the main directions for the statisticalstudy of financial assets, based on current international standards, taking into account national practice. Topical issues of theory and practice of observations and presentation of data on financial assets in foreign economic statistics, application of definitions and classifications of international standards to Russian official statistical activities are considered. The features of the data presentation on financial assets in macrostatistics, in the system of indexes of statistics of foreign economic relations, are formulated. The authors conducted a study of the structure and dynamics of indexes of Russia’s foreign economic statistics that characterize the state and movement of financial assets and liabilities representing them.Conclusion. Statistical analysis of foreign economic transactions with financial assets allow us to identify not only the main trends in the development of these processes, but also makes it possible to analyze the relationship between the subsectors of the Financial corporations’ sector, between this sector and other sectors, as well as a comprehensive change in the volume and composition of stocks and flows of financial assets as a result of the exchange between residents and non-residents.The authors comprehensively reviewed the methodological framework for constructing the financial account of the Balance of payments, International investment position, including in the context of financial instruments. The Balance of payments and International investment position, through their system of statistical indexes, reflect international economic relations and represent an important tool for the study of financial assets. The groupings of items of the financial account of the Balance of payments are based not only on the categories of financial instruments, but also on the functional categories of investments and classifications of institutional sectors, which serve the purposes of a comprehensive reflection of financial assets in foreign economic relations. Thus, it is obvious that the main task of such a presentation is to reflect financial assets in terms of the type of instruments, as well as to analyze the role of a particular sector in the implementation of relevant transactions.In the International investment position, financial assets are also fully reflected in that part of them that is involved in economic transactions between residents and non-residents. Groups of financial assets and liabilities are given in a classification similar to that used in the Balance of payments: by functional purpose, by financial instruments, by institutional sectors, by maturity. Together with the financial account, account figures for other changes in financial assets and liabilities explain the total amount of changes: increases or decreases in the value of financial assets / liabilities, their occurrence or disposal, resulting from transactions, revaluation and other changes in volume.The issues of theory and practice of presenting indexes of financial assets in the considered sections of macrostatistics and their analysis are a relevant and promising direction for improving national statistical accounting, incl. due to the spread of remote work, the collection of information via the Internet, the emergence of a large number of new financial instruments and operations.The authors of the article have repeatedly referred to the problems of macroeconomic financial statistics in their studies, which gave them the opportunity to comprehensively consider the topical issues of representing financial assets in the statistics of foreign economic relations.
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