By Dale W. Jorgenson, J. Steven Landefeld, Visit Amazon's William D. Nordhaus Page, search results, Learn about Author Central, William D. Nordhaus,
A brand new structure for the U.S. nationwide money owed brings jointly a unusual workforce of members to start up the advance of a entire and completely built-in set of usa nationwide debts. the aim of the hot structure is not just to combine the prevailing platforms of bills, but in addition to spot gaps and inconsistencies and extend and include structures of nonmarket money owed with the middle system. because the usa financial system bills for nearly thirty percentage of the realm economic climate, it isn't incredible that accounting for this massive and various set of monetary actions calls for a decentralized statistical procedure. This quantity outlines the most important assignments between associations that come with the Bureau of monetary research, the Bureau of work data, the dept of work, the Census Bureau, and the Governors of the Federal Reserve System. a tremendous a part of the inducement for the recent structure is to combine the various elements and lead them to constant. This quantity is step one towards attaining that target.
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There are exact complexities linked to the industrial valuation of clever Transportation platforms (ITS) and telematics. conventional tools of quantitative research is probably not applicable in competently and reliably assessing the industrial affects of those applied sciences. even though complex transportation and similar applied sciences are being deliberate and deployed at an more and more fast speed, a number of the applied sciences are nonetheless rather new, and their use is probably not frequent.
This booklet provides, within the kind of analytical tables, a precis of the central nationwide accounting aggregates in accordance with professional special nationwide money owed information for greater than two hundred international locations and components of the area for the years 1970 to 2004. the place professional info isn't to be had estimates were supplied by means of the facts department of the United countries.
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Extra resources for A New Architecture for the U.S. National Accounts (National Bureau of Economic Research Studies in Income and Wealth)
10 Expanding the Boundary of the Accounts Over the years, researchers interested in issues other than the sources of growth have advocated and developed expanded and better-integrated sets of accounts. Kendrick (1961), Ruggles and Ruggles (1982), and Eisner (1989) extended the NIPAs to better analyze business, household, and governmental decision making. This section discusses the various extensions of the existing accounts required to meet some of the needs raised by these researchers and those raised by the needs of researchers interested in the sources of economic growth.
These remaining diﬀerences between the BEA and BLS estimates have led many researchers to construct their own measures of productivity, particularly for studying the “new economy” of the late 1990s. Results of these studies have sometimes diﬀered significantly, depending partly on data sources and the level of detail provided, leading to diﬀering interpretations of the sources of productivity growth. For example, Nordhaus (2002) found faster labor productivity growth for the nonfarm business sector using the BEA’s value-added by industry data rather than the oﬃcial BLS measure.
An aggregate production account using the NIPAs, however, requires deducting output taxes from consumption and each of the other components of GDP to transform it from an expenditure to a production account valued at producer prices. Decomposition of Proprietor’s Income into Labor and Capital Components The NIPAs present a single estimate for proprietor’s income with no decomposition of the return to the proprietor for his or her labor and the return to the capital invested in the business. A complete production account, however, requires the decomposition of returns from production into labor and capital.