Definitions of output and input are key to studies of productivity analysis, as they are to the national accounts of countries. This paper systematically reviews alternative definitions at production unit and aggregate levels, illustrating the different perspectives that they provide on...

This paper develops a novel procedure for proxying economic activity with day-time satellite imagery across time periods and spatial units, for which reliable data on economic activity are otherwise not available. In developing this unique proxy, we apply machine-learning techniques to a...

We collect data on the size distribution of all U.S. corporate businesses for 100 years. We document that corporate concentration (e.g., asset share or sales share of the top 1%) has increased persistently over the past century. Rising concentration was stronger in manufacturing and mining...

Choice experiments show that individuals attribute significant value to digitally-enabled services such as social media. We integrate this consumer value into an accounting framework by treating it as the value of own-account production by households of a particular type of leisure services....

This paper discusses a theoretical possibility of expanding the coverage of illegal economic activities (IEAs) in possible areas that go beyond the minimum recommendations adopted in a number of European countries. It also investigates the relevance and sources for statistics on additional IEAs...

Spanish Abstract: Este documento de la División de Análisis Macroeconómico realiza un análisis del proceso de recuperación económica en Colombia después de las medidas de confinamiento implementadas desde marzo hasta agosto del 2020 para evitar una propagación masiva de la pandemia...

Talouden kehitystä kuvaavat tilastoaineistot valmistuvat viiveellä, ja tilastojen lukuja tarkennetaan eli revisioidaan lähdeaineistojen täydentyessä ja tarkentuessa. Tässä artikkelissa tarkastellaan kansantalouden neljännesvuositilinpidon tavaroiden ja palveluiden tilin (entinen...

This paper estimates that the macroeconomic damages from climate change are six times larger than previously thought. We exploit natural variability in global temperature and rely on time-series variation. A 1°C increase in global temperature leads to a 12% decline in world GDP. Global...

Intangible assets are largely ignored by the “traditional” System of National Accounts (SNA), although they play an increasingly important economic role. The reasons for this are the substantial measurement and valuation problems. This article applies a methodology based on Hulten (1979) and...

Investitionen bilden einen wesentlichen Bestandteil für das wirtschaftliche Wachstum einer Volkswirtschaft. Detaillierte Untersuchungen zu Strukturänderungen der Investitionstätigkeit von Wirtschaftszweigen liefern daher wesentliche Einblicke in wirtschaftliche Entwicklungstendenzen und...