Definition: Market-regulating agencies

National accounts

Market-regulating agencies
· concerned exclusively with the purchase, sale or storage of goods, are assigned in a breakdown of the economy by:
- industries, to trade; this activity is deemed by convention to be the output of non-financial market services;
- sectors, to non-financial corporate and quasi-corporate enterprises, if these market-regulating agencies are considered as institutional units within the meaning of the ESA 95, and if not, to the sector to which the larger unit belongs.
· concerned exclusively with the payment of subsidies, are assigned in a breakdown of the economy by:
- industries, to the branches of non-market output of general government, since only the government (apart from institutions of the European Union) can pay subsidies according to ESA 95 ruling;
- sectors, to the sector general government (cf. preceding paragraph).
· concerned with both purchase, sale and storage of goods and the payment of subsidies, are assigned in a breakdown of the economy by:
- industry, to the branch trade, as regards their units of production (of the local KAU type) which buy, sell or store goods, and to the branches of non-market output of general government, together with its production units;
- sectors, to the sector general government, since only general government can pay subsidies. Assignment to another sector would mean that the subsidies paid by the market-regulating agency no longer constituted subsidies within the meaning of the ESA 95.
Source:
Eurostat, "Manual on the economic accounts for agriculture and forestry EAA/EA 97 (Rev. 1.1)", Luxembourg, 2000
Created:
Updated:

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