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...

Many studies have been prepared on structural change in the U.S. economy using input-output analysis. These include, among others, Carter's examination of U.S. economic technological change over the 1939-1963 period and, more recently, Sonis’ new decomposition approaches to visually display...

The method of using regressions of prices on characteristics to adjust for quality changes has grown dramatically in the United States statistical agencies in recent years. For example, currently 18 percent of the final expenditures in gross domestic product is deflated using price indexes that...

This paper provides an overview of the Industry Accounts for the United States, which are prepared by the Bureau of Economic Analysis in the U.S. Department of Commerce. It includes a brief history of the programs with emphasis on the past 10 years, as well as a discussion of plans for future...

This paper outlines BEA's program of data collection on the operations of U.S. parent companies, their foreign affiliates, and U.S. affiliates of foreign companies. It also describes a number of related activities that organize the data in ways useful for analysis, derive additional,...

The U.S. economy is undergoing significant structural change that economists and policymakers would like to study from an industry perspective. BEA’s industry accounts--the input-output (I-O) accounts, the gross product originating (GPO) accounts, and the gross state product (GSP)...