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Kimball, Miles S.; Willis, Robert J. - National Bureau of Economic Research - 2023

relationship between how happy a person feels and utility is an unresolved question. Existing work in Economics either ignores … happiness data or assumes that felt happiness is more or less the same thing as flow utility. The approach we propose in this … "happiness is a sufficient statistic for utility." …

Persistent link: https://www.econbiz.de/10014372464

The Integrated Financial and Real System of National Accounts for the United States : Does It Presage the Financial Crisis?

Palumbo, Michael G. - 2009

The initial implementation of the System of National Accounts (1993) for the United States by the Bureau of Economic Analysis and the Federal Reserve Board has two significant advantages for economists. First, the SNA are organized according to sectors of the economy defined by economic agents:...

Persistent link: https://www.econbiz.de/10012463984

Understanding PPPs and PPP-based national accounts

Deaton, Angus - 2008

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/10012464148

Aggregation Issues in Integrating and Accelerating BEA's Accounts : Improved Methods for Calculating GDP by Industry

Moyer, Brian - 2005

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/10012467614

Distributional National Accounts : Methods and Estimates for the United States

Piketty, Thomas - 2016

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/10012455735

The Accumulation of Human and Nonhuman Capital, Revisited

Fraumeni, Barbara M. - 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/10012457383

Is GDP Becoming Obsolete? The "Beyond GDP" Debate

Hulten, Charles R.; Nakamura, Leonard Isamu - National Bureau of Economic Research - 2022

paper joins the Beyond GDP effort by extending the standard utility maximization model of economic theory, using an …

Persistent link: https://www.econbiz.de/10013334414

Expanded GDP for Welfare Measurement in the 21st Century

Hulten, Charles R. - 2019

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/10012480522

Measuring Infrastructure in BEA's National Economic Accounts

Bennett, Jennifer - 2020

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/10012481641

The Digital Welfare of Nations : New Measures of Welfare Gains and Inequality

Brynjolfsson, Erik; Collis, Avinash; Liaqat, Asad; … - National Bureau of Economic Research - 2023

Digital goods can generate large benefits for consumers, but these benefits are largely unmeasured in the national accounts, including GDP and productivity. In this paper, we measure welfare gains from 10 popular digital goods across 13 countries by conducting large-scale incentivized online...

Persistent link: https://www.econbiz.de/10014372427

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