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.

Valuing the Direct Investment Position in U.S. Economic Accounts

This paper discusses the methodologies employed in the U.S. international economic accounts, in valuing direct investment in prices of the current period. Under international standards, all of the components of the international investment position should reflect current period prices, rather… Read more

Ralph Kozlow
P2002-2
Published
JEL Code(s)None Assigned

Exploring the Borderline Between Direct Investment and Other Types of Investment: The U.S. Treatment

This paper discusses the classification in the U.S. international economic accounts of borderline cases between direct investment and other types of investment. In the fifth edition of the Balance of Payments Manual (BPM5), one of the key steps forward was in the provision of uniform guidelines… Read more

Ralph Kozlow
P2002-1
Published
JEL Code(s)None Assigned

An Analysis of the Composition of Intermediate Inputs by Industry

The Gross Domestic Product (GDP) by industry accounts for the United States provide industry estimates of value added, gross output, and intermediate inputs based, in part, on data from the benchmark and annual input-output (I-O) accounts for the United States. The GDP by industry data provide a… Read more

Erich H. Strassner, Brian C. Moyer
WP2002-5
Published
JEL Code(s)None Assigned

Increasing the Timeliness of U.S. Annual I-O Accounts

The timeliness of the U.S. input-output (I-O) accounts is a major concern for policymakers and industry analysts, as well as academics. In response, the Bureau of Economic Analysis initiated research in 2001 to identify, develop and implement an estimating method for producing more timely and… Read more

Mark A. Planting, Jiemin Guo
WP2002-4
Published
JEL Code(s)None Assigned

From Make-Use to Symmetric I-O Tables: An Assessment of Alternative Technology Assumptions

Since the United Nations introduced the nonsymmetrical make-use input-output (I-O) tables in 1968, there have been on-going discussions about ways to translate them into symmetric I-O tables. The discussions have focused on secondary products that cause the asymmetry between industries and… Read more

Jiemin Guo, Ann M. Lawson, Mark A. Planting
WP2002-3
Published
JEL Code(s)None Assigned

Information Processing Equipment and Software in the National Accounts

In the U.S. national income and product accounts (NIPA's), most of the types of goods in the investment category "information processing (IP) equipment and software" have experienced rapidly changing technology and are thus candidates for inclusion in the new economy. The NIPA price indexes for… Read more

Bruce T. Grimm, Brent R. Moulton, David B. Wasshausen
WP2002-2
Published
JEL Code(s)None Assigned

R&D in the National Income and Product Accounts: A First Look at its Effect on GDP

According to the estimates in this paper, R&D is a significant contributor to economic growth. Over the forty-year period studied, 1961-2000, returns to R&D capital accounted for 10 percent of growth in real GDP. Treating R&D as an investment raises the national savings rate by two… Read more

Barbara M. Fraumeni, Sumiye Okubo
WP2002-1
Published
JEL Code(s)None Assigned

The Expanding Role of Hedonic Methods in the Official Statistics of the United States

The method of using regressions of prices on characteristics to adjust for quality changes has grown dramatically in the United States statistical agencies in recent years. For example, currently 18 percent of the final expenditures in gross domestic product is deflated using price indexes that… Read more

Brent R. Moulton
P2001-6
Published
JEL Code(s)None Assigned

BEA's Preliminary Strategic Plan for 2001 - 2005

This paper provides background information on the new economy and how it relates to BEA’s economic accounts. It is designed to answer the following questions:

  • What is the new economy?
  • Why is it important that the new economy be captured in GDP and BEA’s other economic… Read more
J. Steven Landefeld
P2001-7
Published
JEL Code(s)None Assigned

Investigating Convergence of the U.S. Regions: A Time-Series Analysis

Most economists conclude that the U.S. regions have converged in per capita earnings during a majority of the 20th century, though controversy abounds over the methods employed to test for such convergence. Using time-series techniques, this paper finds evidence that the U.S. regions have… Read more

Richard E. Kane
WP2001-2
Published
JEL Code(s)R12