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 Impact of Capitalizing Data on Productivity Growth in the U.S.

The System of National Accounts 2025 revision recommends treating own-account data as an intangible capital asset. This study explores the impact of this recommendation on the sources of economic growth for the U.S. economy from 2002 to 2024. We use experimental estimates for own-account data… Read more

By Jon D. Samuels, J Bayoán Santiago Calderón, Corby Garner
Published

An Accounting Framework for Human Capital

Human capital is a primary driver of economic growth, yet the United States lacks an official measure in its national accounts. This accounting fails to capture education’s full economic significance and contrasts sharply with how other capital assets contribute to GDP. The omission risks… Read more

By Justine Mallatt
Published

Quantifying Productivity Growth in Medical Care: 20 Years of Evidence From Nine Health Conditions

Productivity growth is the fundamental driver of improvements in living standards. However, accurately measuring productivity remains challenging for the health care sector, which accounts for about 18% of the U.S. economy. We develop a framework that combines a utility-based measure of output… Read more

By Calvin Ackley, Abe C. Dunn, John A. Romley
Published

Toward Economics Statistics On: Own-Account Data and Databases Assets for 1997–2024

This article describes the proposed methodology and experimental estimates for capitalizing own-account data as part of the updates to the System of National Accounts from the 2008 standard to the 2025 revision. The methodology explains how the U.S. Bureau of Economic Analysis estimates annual… Read more

By J Bayoán Santiago Calderón
Published