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Capital and Wealth in the 21st Century
Weil, David N. - 2015
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10012457747
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 2014
, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10012457900
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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
, 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/10012464148
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The Cambridge History of "Capitalism"
Temin, Peter - 2014
This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … economists to add depth to their understanding of the world economy today. Robert C. Allen analyzes the world distribution of … criticize the definition of capitalism used in these volumes as too expansive to be useful. I argue that this definition mars …
Persistent link: https://www.econbiz.de/10012458007
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Credit Crises, Money and Contractions : an historical view
Bordo, Michael D. - 2009
The relatively infrequent nature of major credit distress events makes an historical approach particularly useful. Using a combination of historical narrative and econometric techniques, we identify major periods of credit distress from 1875 to 2007, examine the extent to which credit distress...
Persistent link: https://www.econbiz.de/10012463261
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The Aftermath of Financial Crises
Reinhart, Carmen M. - 2009
major post-World War II episodes. The main cause of debt explosions is usually not the widely cited costs of bailing out and …
Persistent link: https://www.econbiz.de/10012463993
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The Integrated Financial and Real System of National Accounts for the United States : Does It Presage the Financial Crisis?
Palumbo, Michael G. - 2009
world. Second, the accounts integrate real and financial information, so that one can track not only production of, income …
Persistent link: https://www.econbiz.de/10012463984
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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
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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
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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