This page provides access to papers and presentations prepared by BEA staff. Abstracts are presented in HTML format; complete papers are in PDF format with selected tables in XLS format. 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 U.S. gross domestic product and its foundational National Income and Product Accounts contain some of the most widely used and followed economic statistics in the world yet contain limited information on the labor market and almost no information on demographic groups. We build a new dataset… Read more
Measuring the digital economy is a high priority for analysts of economic growth. We augment the Bureau of Economic Analysis’s Digital Economy Satellite Account to include digital services provided by high-tech consumer durables. We find that including the service flow from these goods raises… Read more
Early papers on capitalizing data focused on complex digital data that are stored on supercomputers and managed by highly skilled computer scientists (Statistics Canada 2019) (Eurostat 2020) (Coyle 2022) (Calderon and Rassier 2022) (Mitchell et al. 2022). This paper studies two very different… Read more
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
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
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
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
We estimate across-county spending flows between firms and consumers for every county in the United States, providing a new consumption link that has not been studied previously. We highlight the importance of this link by estimating the effect of changes in local housing wealth on consumption… Read more
With the recent proliferation of data collection and uses in the digital economy, the understanding and statistical treatment of data stocks and flows is of interest among compilers and users of national economic accounts. In this paper, we measure the value of own-account data stocks and flows… Read more