Latest Research

The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.


Welfare Indicators and GDP

 

 

The clamor for indicators of well-being after the recession of 2008 was predicated on the idea that Gross Domestic Product (GDP) was an insufficient measure of an economy’s overall performance. Though GDP measure was not designed to serve as a measure of welfare, it can be shown to be… Read more

By Dennis J. Fixler, Andrew Craig
Published

Measuring Space Manufacturing Plant Utilization and Own-Account Production

 

 

Manufacturing is the largest sector in the U.S. space economy, comprising 25.2 percent of its gross domestic product (GDP) in 2022. Space manufacturing is also a significant contributor to overall U.S. manufacturing, responsible for 6.4 percent of computer and electronics products manufacturing… Read more

By Tina Highfill, Akhil Rao
Published

The Use of Real Time Spending Sources for Economic Measurement: An Analysis Using Multiple Data Sources

 

 

The rise of big data in the past 20 years has opened up the possibility of using new types of experimental data to measure consumer spending. Despite the promise of card transaction data, concerns remain about their representativeness and stability. This study makes a novel contribution by… Read more

By Justine Mallatt
Published

Regional Price Level Estimates for Medical Services in the United States

 

 

This paper estimates regional price levels for medical services in the United States using two of the largest available sources of commercial health claims. I provide estimates for inpatient, outpatient, and professional services, as well as aggregate expenditure-weighted estimates. By using two… Read more

By Calvin Ackley
Published