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.


The Contribution of Reallocation to U.S. GDP Growth: Measurement Using Tiered Aggregation

 

 

Resources moving from less productive to more productive sectors can increase aggregate output without any underlying change in production technology, yet the impact of these reallocations is challenging to measure because it involves measuring unobserved counterfactual production where… Read more

By Jon D. Samuels, Mun S. Ho
Published

Tracking Cultivated Assets in Measures of Capital

 

 

Americans invested $72 billion in cultivated assets in 2019.  By category, investment was: $7 billion in long-lived food animals, $2 billion in horses, $10 billion in farm plants, and $53 billion in landscaping plants.  System of National Accounts 2008, the internationally agreed… Read more

By Rachel Soloveichik
Published

Tracking Marijuana in the National Accounts

 

 

The internationally agreed guidelines for national economic accounts, System of National Accounts 2008 (United Nations Statistics Division 2008), explicitly recommend that illegal market activity should be tracked together with legal market activity. This recommendation is not currently… Read more

By Rachel Soloveichik
Published

Estimating Regional Price Parities Using New Data on Medical Goods and Services

 

 

I report on a project to improve estimates of Regional Price Parities (RPPs) by making use of a large commercial dataset on health care prices, the Health Marketscan dataset. Using the new data, I obtain estimates of regional price levels for health related goods and services that are stable… Read more

By James P. Choy
Published