Papers
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.
Framework for an Industry-based R&D Satellite Account
This paper introduces a proposed framework for estimating an Industry-based R&D Satellite Account (IRDSA). The IRDSA builds on the preliminary Research and Development Satellite Account (R&DSA) released in September 2006, and provides industry and commodity detail. It adapts the U.S.… Read more
2007 R&D Satellite Account Methodologies: Current-dollar GDP Estimates
This paper discusses the methodologies used in constructing current-dollar R&D investment in the 2007 R&D Satellite Account. It also provides an overview of the current treatment of R&D in the national economic accounts and discusses how R&D as investment would affect gross… Read more
Estimating Prices for R&D Investment in the 2007 R&D Satellite Account
This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on the theoretical underpinnings and empirical implementation of the R&D price index… Read more
R&D Depreciation Rates in the 2007 R&D Satellite Account
This paper discusses how the industry-specific rates of depreciation for R&D used to construct the 2007 R&D Satellite Account were determined after a review of the literature.
Issues Related to Treating R&D as Investment In BEA's Regional Accounts
This paper presents an analysis of regional issues related to treating R&D as an investment. It provides experimental estimates of the impact on gross domestic product by state of the new treatment of R&D. It also discusses several important conceptual and methodological issues… Read more
Do U.S. Multinationals Engage In Sequential Choice? Evidence from New Manufacturing Operations in Europe
Despite an extensive literature on the determinants of the foreign location choices by multinational companies, researchers have only recently begun to systematically examine how these companies form their location consideration sets. When considering new foreign locations, do firms evaluate the… Read more
Converting Historical Industry Time Series Data from SIC to NAICS
Estimates of State Price Levels for Consumption Goods and Services: a first brush
This paper develops exploratory estimates of the spatial price differences for consumption goods and services at the U.S. state level. Spatial (place-to-place) price differences are important to regional and other sub-national accounting frameworks as they make possible comparisons of economic… Read more
Treatment of International Research and Development as Investment: Issues and Estimates
This paper presents an analysis of an international component in the R&D satellite account. It provides experimental estimates of the impact of treating R&D as investment on several dimensions of international transactions. It also discusses several important conceptual and… Read more
A Reconciliation between the Consumer Price Index and the Personal Consumption Expenditures Price Index
The Bureau of Labor Statistics (BLS) prepares the Consumer Price Index for All Urban Consumers (CPI-U), and the Bureau of Economic Analysis prepares the Personal Consumption Expenditures (PCE) chain-type price index. Both indexes measure the prices paid by consumers for goods and services.… Read more