Most economists conclude that the U.S. regions have converged in per capita earnings during a majority of the 20th century, though controversy abounds over the methods employed to test for such convergence. Using time-series techniques, this paper finds evidence that the U.S. regions have...

Retail industry product margin rates are used to estimate the retail output proportion of final consumption commodities. The Census Bureau collects data on industry margin rates, but it does not collect product margin rate data. To estimate retail industry-by-commodity output, industry margin...

Retail industry product margin rates are used to estimate the retail output proportion of final consumption commodities. The Census Bureau collects data on industry margin rates, but it does not collect product margin rate data. To estimate retail industry-by-commodity output, industry margin...

One of the most important goals of agencies producing economic statistics is that those statistics be relevant and regularly used by public and private decision makers. Achieving this goal requires several elements including accuracy, timeliness, and sound concepts and methods. However, perhaps...

In the U.S. national income and product accounts (NIPA's), most of the types of goods in the investment category "information processing (IP) equipment and software" have experienced rapidly changing technology and are thus candidates for inclusion in the new economy. The NIPA price indexes for...

According to the estimates in this paper, R&D is a significant contributor to economic growth. Over the forty-year period studied, 1961-2000, returns to R&D capital accounted for 10 percent of growth in real GDP. Treating R&D as an investment raises the national savings rate by two percentage...

The Gross Domestic Product (GDP) by industry accounts for the United States provide industry estimates of value added, gross output, and intermediate inputs based, in part, on data from the benchmark and annual input-output (I-O) accounts for the United States. The GDP by industry data provide a...