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.

For What It’s Worth: Measuring Land Value in the Era of Big Data and Machine Learning



This paper develops a new method for valuing land, a key asset on a nation’s balance sheet. The method first employs an unsupervised machine learning method, kmeans clustering, to discretize unobserved heterogeneity, which we then combine with a supervised learning algorithm, gradient boosted… Read more

By Scott Wentland, Gary Cornwall, Jeremy G. Moulton

Consumption Zones



Local area data are important to many economic questions, but most local area data are reported using political units, such as counties, which often do not match economic units, such as product markets. Commuting zones (CZs) group counties into local labor markets. However, CZs are not the most… Read more

By Andrea Batch, Benjamin R. Bridgman, Abe C. Dunn, Mahsa Gholizadeh

Proof of Concept for a U.S. Air Emissions Physical Flows Account



Measuring the physical flows of resources and waste between the economy and environment is a central component of environmental-economic accounting as outlined in the System of Environmental-Economic Accounting (SEEA), the United Nations standard for environmental accounting.

This paper… Read more

By Matthew Chambers

Developing a National Measure of the Economic Contributions of the Bioeconomy



In recent years, interest in biotechnology, biomanufacturing, and the bioeconomy has grown steadily. Researchers in the United States and other countries have sought to measure the bioeconomy and have developed a variety of definitions and approaches for doing so. Executive Order 14081, issued… Read more

By Tina Highfill, Matthew Chambers