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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012758136
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Adjusting National Accounting for Health : Is the Business Cycle Countercyclical?
Egan, Mark - 2013
Many national accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture by ignoring, for example, the value of leisure, home production, and the value of health. Previous discussed shortcomings of such accounts...
Persistent link: https://www.econbiz.de/10013081833
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Population Aging and Intergenerational Transfers : Introducing Age into National Accounts
Mason, Andrew W. - 2010
In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...
Persistent link: https://www.econbiz.de/10012760498
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A Forensic Examination of China's National Accounts
Chen, Wei - 2019
China's national accounts are based on data collected by local governments. However, since local governments are rewarded for meeting growth and investment targets, they have an incentive to skew local statistics. China's National Bureau of Statistics (NBS) adjusts the data provided by local...
Persistent link: https://www.econbiz.de/10012872298
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The Accumulation of Human and Nonhuman Capital, Revisited
Fraumeni, Barbara - 2015
In the 25 years since Jorgenson and Fraumeni (1989) published their first article on human capital, the U.S. National Income and Product Accounts (NIPA) and the SNA have changed significantly. The contribution of this paper is two-fold: Creation of a contemporary set of accounts which integrate...
Persistent link: https://www.econbiz.de/10013020212
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Saving Puzzles and Saving Policies in the United States
Lusardi, Annamaria; Skinner, Jonathan S.; Venti, Steven F. - 2021
In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...
Persistent link: https://www.econbiz.de/10013220783
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Measuring Depreciation for Japan : Rejoinder to Dekle and Summers
Hayashi, Fumio - 2021
Recently, my claim that depreciation reported in the Japanese national accounts is underestimated by a substantial margin has been challenged by Dekle and Summers (NBER Working Paper No. 3690), on the ground that the implied depreciation rate (ratio of depreciation to the capital stock) is...
Persistent link: https://www.econbiz.de/10013221935
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The Estimation of Prewar Gnp Volatility, 1869-1938
Balke, Nathan S.; Gordon, Robert J. - 2021
1929 relative to the period since World War II. Some recent work claims that the longstanding stylized fact of greater …
Persistent link: https://www.econbiz.de/10013223004
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News or Noise? an Analysis of Gnp Revisions
Mankiw, N. Gregory; Shapiro, Matthew D. - 2021
This paper studies the nature of the errors in preliminary GNP data,It first documents that these errors are large. For example, suppose theprelimimary estimate indicates that real GNP did not change over therecent quarter; then one can be only 80 percent confident that the finalestimate (annual...
Persistent link: https://www.econbiz.de/10013232457
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The Proper Measurement of Government Budget Deficits : Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector
Buiter, Willem H. - 2021
The paper studies budgetary, financial and monetary policy evaluationand design using a comprehensive wealth or permanent income accounting framework. A set of stylized balance sheets and permanent income accountsis constructed for the public, private and overseas sectors.These are then...
Persistent link: https://www.econbiz.de/10013234088