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.

Books as Capital Assets

In 2007, I estimate that authors and publishers created original books with a value of $9.1 billion. These books were first sold starting in 2008, and will continue to be sold for decades to come. Because of their long working life, the international guidelines for national accounts recommends… Read more

By Rachel Soloveichik
Published

Music Originals as Capital Assets

In 2007, I estimate that musicians and recording studios created original songs, including recorded performances, with an estimated value of $7.8 billion. These songs were sold on CDs in 2008 and will be played on the radio, on television and at live concerts for decades to come. Because of… Read more

By Rachel Soloveichik
Published

Measuring productivity for the US health sector

Paper presented at the 2013 annual meetings of the Canadian Economic Association | Montreal, Canada

U.S. health care expenditures as a share of gross domestic product (GDP) reached 17.9 percent in 2011. That share will continue to grow significantly, according to recent studies by the Congressional Budget Office. This trend has raised questions about the sources of this growth, whether the… Read more

By Ana M. Aizcorbe, Gabriel W. Medeiros, Erich H. Strassner
Published

Standard Errors in the U.S. Regional Price Parities (RPPs)

By Bettina H. Aten, Eric B. Figueroa, Troy Martin
Published

Experimental PCE-by-State Statistics

This paper presents a preliminary methodology and estimates for an experimental set of data on nominal personal consumption expenditures (PCE) for eight categories of goods, seven categories of services, and net expenditures of nonprofit institutions serving households (NPISHs) for fifty states… Read more

By Christian Awuku-Budu, Ledia Guci, Christopher Lucas, Carol Robbins
Published

A Multivariate Approach to Seasonal Adjustment

This paper suggests a new semi-parametric multivariate approach to seasonal adjustment. The primary innovation is to use a large dimensional factor model of cross section dependence to estimate the trend component in the seasonal decomposition of each time series. Because the trend component is… Read more

By Ryan Greenaway-McGrevy
Published

Integration of Micro and Macro Data on Consumer Income and Expenditures

Macro estimates of household income and expenditures from the Bureau of Economic Analysis measure aggregate and per capita averages, but provide no information on the distribution of income, which is important in the measurement of economic well-being. Micro estimates of household income and… Read more

By Clinton P. McCully
Published

A Regression-Based Medical Care Expenditure Index for Medicare Beneficiaries

We construct a disease-based price index for Medicare beneficiaries using data from the Medicare Current Beneficiary Survey from 2001-2005. We create the index by modeling total health-care expenditure as a function of the diagnoses of 27 illnesses. The coefficients from the regression are used… Read more

By Anne E. Hall, Tina Highfill
Published

Do Physicians Possess Market Power?

We study the degree to which greater physician concentration leads to higher service prices charged by physicians in the commercially insured medical-care market. Using a database of physicians throughout the entire United States, we construct physician-firm concentration measures based on… Read more

By Abe C. Dunn, Adam Shapiro
Published

Measuring “Factoryless” Manufacturing: Evidence from U.S. Surveys

"Factoryless" manufacturers, as defined by the U.S. OMB, perform underlying entrepreneurial components of arranging the factors of production but outsource all of the actual transformation activities to other specialized units. This paper describes efforts to measure "… Read more
By J. Steven Landefeld, Brent R. Moulton, Fariha Kamal
Published