This work raises questions about what obsolescence is and whether it is properly accounted for in BEA's methodology

This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on the theoretical underpinnings and empirical implementation of the R&D price index used to...

This paper describes and illustrates a generalized least squares (GLS) reconciliation method that can efficiently incorporate all available information on initial data in reconciling a large system of disaggregated accounts and can accurately estimate industry distribution of statistical...

This paper proposes a more complete presentation of pension transactions in state personal income data tables by adapting the System of National Accounts’ (SNA) pension framework for use in the State Personal Income Accounts. It proposes a definition of retirement income and presents some...

There has been a large amount of recent interest in how the U.S. can be the so-called world's largest debtor nation and at the same time have a persistent surplus on income in its balance of payments accounts. Based on BEA's published data, two factors explain the incongruence - a difference in...