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Distributional National Accounts : Methods and Estimates for the United States
Piketty, Thomas - 2017
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...
Persistent link: https://www.econbiz.de/10012966935
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, 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...
Persistent link: https://www.econbiz.de/10012758136
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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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Aggregation Issues in Integrating and Accelerating Bea'S Accounts : Improved Methods for Calculating GDP by Industry
Moyer, Brian; Reinsdorf, Marshall B.; Yuskavage, Robert - 2021
Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real...
Persistent link: https://www.econbiz.de/10013210537
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Measuring Infrastructure in Bea's National Economic Accounts
Bennett, Jennifer; Kornfeld, Robert; Sichel, Daniel E.; … - 2021
Infrastructure provides critical support for economic activity, and assessing its role requires reliable measures. This paper provides an overview of U.S. infrastructure data in the National Economic Accounts. After developing definitions of basic, social, and digital infrastructure, we assess...
Persistent link: https://www.econbiz.de/10013309898
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Who Shrunk China? Puzzles in the Measurement of Real GDP
Feenstra, Robert C. - 2012
The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate...
Persistent link: https://www.econbiz.de/10013112848
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Measuring Economic Growth from Outer Space
Henderson, J. Vernon - 2010
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10013151806
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Estimating Real Production and Expenditures Across Nations : A Proposal for Improving the Penn World Tables
Feenstra, Robert C.; Heston, Alan W.; Timmer, Marcel P.; … - 2021
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10013240994
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Expanded GDP for Welfare Measurement in the 21st Century
Hulten, Charles R.; Nakamura, Leonard I. - 2022
this paper, we use this framework to provide a detailed critique of existing GDP and price measurement procedures and …
Persistent link: https://www.econbiz.de/10014102644
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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