Papers

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

Quarterly Census of Employment and Wages data from the Bureau of Labor Statistics, disaggregated by number of employees in an establishment, are used to estimate first quarter wages and employment by industry for small, medium, and large businesses between 2012 and 2021. This is the first set of… Read more

This paper describes the construction of two confidential crosswalk files enabling a comprehensive identification of multinational firms in the U.S. economy. The effort combines firm-level surveys on direct investment conducted by the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census… Read more

Natural resources are everywhere, and reported wellbeing is highly correlated with the quantity and quality of natural resource services like weather and biodiversity (Levinson 2012) (MacKerron and Mourato 2013) (Methorst et al. 2021). Yet, natural resources are currently classified as non-… Read more