Priorities for Industry Accounts at BEA, by Robert E.
Presented at the November 17, 2000 meeting of the BEA Advisory Committee.
The U.S. economy is undergoing significant structural change that economists
and policymakers would like to study from an industry perspective. BEAs
industry accounts--the input-output (I-O) accounts, the gross product
originating (GPO) accounts, and the gross state product (GSP) estimates--provide
much of the relevant data, but further enhancements are possible. BEA
has ideas for improving these accounts, but resource constraints require
that priorities be established and choices made. The impending conversion
of BEAs industry estimates to the new North American Industry Classification
System (NAICS) offers both opportunities and challenges. This paper discusses
the key issues, presents options for improving the industry accounts,
and makes recommendations for future action.
Last changed: December 12, 2000