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.

Alternative Price and Volume Measures for Commercial Bank and Fund Management Services

In the U.S. National Income and Product Accounts, commercial bank and fund management services grew modestly or declined in volume terms after 2008, despite substantial increases in the levels of assets and liabilities managed by these businesses. These estimates of limited growth result partly… Read more

Robert Kornfeld
JEL Code(s)E01

Preliminary Estimates of the U.S. Space Economy, 2012–2018


Tina Highfill, Annabel Jouard, Connor Franks
JEL Code(s)None Assigned

Consumer Prices During A Stay-in-Place Policy: Theoretical Inflation for Unavailable Products

Major product categories like full service restaurant meals, live entertainment, and nonessential personal services are unavailable during a stay-in-place policy. As a result, their inflation rates cannot be measured directly. The standard methodology used by the Bureau of Labor Statistics (BLS… Read more

Rachel Soloveichik
JEL Code(s)E31

Measuring Infrastructure in the Bureau of Economic Analysis National Economic Accounts

Infrastructure provides critical support for economic activity, and assessing its role requires reliable measures. This paper provides an overview of U.S. infrastructure data in the National Economic Accounts. After developing definitions of basic, social, and digital infrastructure, we assess… Read more

Jennifer Bennett, Robert Kornfeld, Daniel E. Sichel, David B. Wasshausen
JEL Code(s)E22

Measuring Inequality in the National Accounts

This paper provides context for the Bureau of Economic Analysis (BEA) prototype estimates of the distribution of income. It describes measurement questions, such as what concept of income should be used, and a summary of the results for the 2007–2018 period. The paper also presents a… Read more

Dennis J. Fixler, Marina Gindelsky, David Johnson
JEL Code(s)None Assigned

Spending by Condition for the Long-Term Care Population Using Medicaid Claims

Health care spending for the nursing home sector has been an understudied topic despite institutionalized long-term care patients often facing higher mortality rates, having numerous and serious comorbidities, and accounting for over $194 billion dollars in personal health care expenditure just… Read more

Abe C. Dunn, Peter Shieh, Lasanthi Fernando, Charles Roehrig
JEL Code(s)I10

The Geography of Consumption and Local Economic Shocks: The Case of the Great Recession

Geographic analysis of consumption is often constrained by geographic borders such as counties, but economic agents often cross borders to consume. Using unique card transaction data, we estimate across-county spending flows between firms and consumers for every county in the United States and… Read more

Abe C. Dunn, Mahsa Gholizadeh
JEL Code(s)E20, E24, R12, R20

Metropolitan Statistical Area Location Choice by Foreign Direct Investors in the United States

The importance of new foreign direct investment as a vehicle for the formation of productive capital has stimulated interest in understanding why multinational enterprises (MNEs) choose particular locations for their investments. Using data from greenfield investments reported on the BEA Survey… Read more

Thomas Anderson
JEL Code(s)F23

The Owner-Premium Adjustment in Housing Imputations

This paper describes and alternative to the rental equivalence and the user cost approaches for imputing consumer expenditures on owner-occupied housing services. The alternative uses the estimated value of the dwelling relative to the median value of similar homes as an adjustment to the rental… Read more

Bettina H. Aten, Alan Heston
JEL Code(s)R31

A Reconciliation of Health Care Expenditures in the National Health Expenditures Accounts and in Gross Domestic Product

This paper provides a detailed reconciliation of the National Health Expenditure Accounts (NHEA), the official estimates of health care spending in the United States from the Centers for Medicare and Medicaid Services, and the estimates of health expenditures that are part of gross domestic… Read more

Robert Kornfeld, Micah Hartman, Nathan A. Espinosa, Regina L. Butler, Aaron Catlin
JEL Code(s)E01, I10