This paper provides background information on the new economy and how it relates to BEA’s economic accounts. It is designed to answer the following questions: What is the new economy? Why is it important that the new economy be captured in GDP and BEA’s other economic accounts estimates?...

Recent theoretical work tends to characterize multinational enterprises as arising through either horizontal or vertical foreign direct investment (FDI). Empirical research tends to find stronger support for the former than for the latter. In this paper, we use recent, detailed data on U.S....

Since the United Nations introduced the nonsymmetrical make-use input-output (I-O) tables in 1968, there have been on-going discussions about ways to translate them into symmetric I-O tables. The discussions have focused on secondary products that cause the asymmetry between industries and...

The comprehensive benchmark revision of the national income and product accounts (NIPA’s), released in October of last year, newly recognized business and government expenditures for computer software as investment. This paper describes the methodology for annual and quarterly estimates of...

The timeliness of the U.S. input-output (I-O) accounts is a major concern for policymakers and industry analysts, as well as academics. In response, the Bureau of Economic Analysis initiated research in 2001 to identify, develop and implement an estimating method for producing more timely and...

This paper uses data from the U.S. Census Bureau Annual Survey of Manufactures (ASM) to examine the effects that a growth of low-valued transactions likely has on the quality of export estimates provided in the U.S. International Trade in Goods and Services (FT-990) series. These transactions,...

This paper describes the U.S. data collection system for trade in services, discusses improvements that have been made in it over roughly the last 15 years, and identifies some of the improvement tasks that remain. The discussion covers both data on trade in the conventional sense of exchanges...

The timeliness of the U.S. input-output (I-O) accounts is a major concern for policymakers and industry analysts, as well as academics. In response, the Bureau of Economic Analysis initiated research in 2001 to identify, develop and implement an estimating method for producing more timely and...