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 integration of the annual I-O accounts with the GDP-by-industry accounts is the most recent in a series of improvements to the industry accounts provided by the BEA in recent years. BEA prepares two sets of national industry accounts: The I-O accounts, which consist of the benchmark I-O...

The purpose of this article is to estimate quantitatively the contribution that university licensing makes to the national U.S. economy. As regions and nations face increased economic problems, they seek ways to augment opportunities for economic growth and to identify areas where public funding...

This article highlights intangible capital, management practices, and human capital as areas for future productivity research. It also stresses the importance of developing reliable productivity estimates for emerging and developing countries, and of enhancing collaboration between national...

This paper presents a satellite account where households are treated as production units. It extends previous work that treats consumer durables as investment and that values nonmarket household production activities such as cooking, cleaning, and childcare. Services from consumer durables and...