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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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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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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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Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting
Weitzman, Martin - 2016
In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among the following four fundamental economic concepts: (1) "wealth"; (2) "income"; (3) "sustainability"; (4) "accounting". These four basic concepts are placed in quotation marks...
Persistent link: https://www.econbiz.de/10012997359
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Fiscal Stability of High-Debt Nations Under Volatile Economic Conditions
Hall, Robert E. - 2013
Using a recursive empirical model of the real interest rate, GDP growth, and the primary government deficit in the U.S., I solve for the ergodic distribution of the debt/GDP ratio. If such a distribution exists, the government is satisfying its intertemporal budget constraint. One key finding is...
Persistent link: https://www.econbiz.de/10013087045
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Deductions from the Export Basket : Capabilities, Wealth and Trade
Sutton, John - 2011
This paper re-explores the relation between a country's level of wealth and the mix of products it exports. We argue that both are simultaneously determined by countries' capabilities i.e. by countries' productivity and quality levels for each good. Our theoretical setup has two features. (1)...
Persistent link: https://www.econbiz.de/10013129123
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Reestablishing the Income-Democracy Nexus
Benhabib, Jess - 2011
A number of recent empirical studies have cast doubt on the "modernization theory" of democratization, which posits that increases in income are conducive to increases in democracy levels. This doubt stems mainly from the fact that while a strong positive correlation exists between income and...
Persistent link: https://www.econbiz.de/10013129124
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Trade and the Global Recession
Eaton, Jonathan - 2011
in world trade in manufactures during 2008-2009. A shift in final spending away from tradable sectors, largely caused by …
Persistent link: https://www.econbiz.de/10013131675
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Beyond GDP? Welfare Across Countries and Time
Jones, Charles I. - 2010
We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using multi-country data sets. While welfare is highly...
Persistent link: https://www.econbiz.de/10013138316