Valuation of Volunteer Work in the Satellite Account of Non-Profit Institutions

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F17%3A43893128" target="_blank" >RIV/44555601:13510/17:43893128 - isvavai.cz</a>
Result on the web
<a href="https://www.czso.cz/csu/czso/statistika-statistics-and-economy-journal-no-42017" target="_blank" >https://www.czso.cz/csu/czso/statistika-statistics-and-economy-journal-no-42017</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Valuation of Volunteer Work in the Satellite Account of Non-Profit Institutions
Original language description
Volunteer work constitutes an important input into the activities of non-profit institutions. However, in the core system of national accounts, volunteering falls outside the production boundary even if it leads to the production of services. By doing so, national accounts inevitably underestimates the contribution of non-profit institutions to the well-being. This shortcoming is overcome by the Satellite Account of Non-profit Institutions complementing and extending the concept of national accounts chiefly by incorporation of the value of volunteering and by full coverage of non-profit institutions classified in a number of economic sectors. This paper is an attempt to address the key issue that is the way of volunteer work´s valuation for analytical purposes. We will discuss different approaches to the valuation and their impact on key macroeconomic aggregates.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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