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Challenges to Mismeasurement Explanations for the U.S. Productivity Slowdown

Syverson, Chad - 2016

The U.S. has been experiencing a slowdown in measured labor productivity growth since 2004. A number of commentators and researchers have suggested that this slowdown is at least in part illusory, because real output data have failed to capture the new and better products of the past decade. I...

Persistent link: https://www.econbiz.de/10012999443

Measurement Error and the Flow of Funds Accounts : Estimates of Householdasset Demand Equations

Walsh, Carl E. - 2010

In the household sector of the Flow of Funds Accounts, the difference between net acquisition of financial assets and net financial savings is equal to a statistical discrepancy which is often quite large relative to the reported changes in asset holdings. This means that the budget restrictions...

Persistent link: https://www.econbiz.de/10012762924

Aggregation Issues in Integrating and Accelerating Bea'S Accounts : Improved Methods for Calculating GDP by Industry

Moyer, Brian; Reinsdorf, Marshall B.; Yuskavage, Robert - 2021

Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real...

Persistent link: https://www.econbiz.de/10013210537

The Architecture of the System of National Accounts : A Three Country Comparison, Canada, Australia, and United Kingdom

Wilson, Karen - 2021

recognizes that while they all follow international standards to high degree, differences still exist which may or may not effect … international comparability. International coordination is the key to making the standard meet this purpose. The United Kingdom … system, as an example of the European system, best meets the standard for international comparison purposes …

Persistent link: https://www.econbiz.de/10013229136

Understanding Ppps and Ppp-Based National Accounts

Deaton, Angus - 2010

practical problems of implementing it. All of these data are underpinned by the International Comparison Program (ICP), which … important areas: how to handle international differences in quality, the treatment of urban and rural areas of large countries … to which they are put. Some international comparisons are close to impossible, even in theory, and in others, the …

Persistent link: https://www.econbiz.de/10012758136

Axiomatic and Economic Approaches to International Comparisons

Diewert, Walter E. - 2010

index number formula. The great variation in relative prices and quantities in the international context means that the …

Persistent link: https://www.econbiz.de/10013137597

Distributional National Accounts : Methods and Estimates for the United States

Piketty, Thomas - 2017

This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...

Persistent link: https://www.econbiz.de/10012966935

Saving Puzzles and Saving Policies in the United States

Lusardi, Annamaria; Skinner, Jonathan; Venti, Steven F. - 2021

In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...

Persistent link: https://www.econbiz.de/10013220783

Gallman'S Annual Output Series for the United States, 1834-1909

Rhode, Paul W. - 2021

This paper presents Robert Gallman's classic, but heretofore unpublished annual series for US national product over the 1834-59 and 1869-1909 periods. The 'Volume 30' series, reported as decadal averages, underlie much of what we know about American income growth and capital formation before...

Persistent link: https://www.econbiz.de/10013239344

A Satellite Account for Health in the United States

Cutler, David M.; Ghosh, Kaushik; Messer, Kassandra; … - 2021

This paper develops a satellite account for the US health sector and measures productivity growth in health care for the elderly population between 1999 and 2012. We measure the change in medical spending and health outcomes for a comprehensive set of 80 conditions. Medical care has positive...

Persistent link: https://www.econbiz.de/10013240641