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A New Architecture for the U.S. National Accounts
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A New Architecture for the U.S. National Accounts

Dale W. Jorgenson, J. Landefeld, and William D. Nordhaus

Abstract

This book brings together a group of contributors to initiate the development of a comprehensive and fully integrated set of United States national accounts. The purpose of the new architecture is not only to integrate the existing systems of accounts, but also to identify gaps and inconsistencies and expand and incorporate systems of nonmarket accounts with the core system. Since the United States economy accounts for almost thirty percent of the world economy, it is not surprising that accounting for this huge and diverse set of economic activities requires a decentralized statistical system ... More

Keywords: national accounts, systems of accounts, nonmarket accounts, United States economy, economic activities, decentralized statistical system, Department of Labor, Census Bureau, Federal Reserve System, new architecture

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780226410845
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226410876.001.0001

Authors

Affiliations are at time of print publication.

Dale W. Jorgenson, editor

J. Landefeld, editor

William D. Nordhaus, editor

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Contents

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Introduction

Dale W. Jorgenson, J. Steven Landefeld, and William D. Nordhaus

1 Blueprint for Expanded and Integrated U.S. Accounts

Dale W. Jorgenson and J. Steven Landefeld

4 A Framework for Nonmarket Accounting

Katharine G. Abraham and Christopher Mackie

6 Integrating Industry and National Economic Accounts

Ann M. Lawson, Brian C. Moyer, Sumiye Okubo, and Mark A. Planting

7 Aggregation Issues in Integrating and Accelerating the BEA's Accounts

Brian C. Moyer, Marshall B. Reinsdorf, and Robert E. Yuskavage

8 Integrating Expenditure and Income Data

J. Joseph Beaulieu and Eric J. Bartelsman

9 An Integrated BEA/BLS Production Account

Barbara M. Fraumeni, Michael J. Harper, Susan G. Powers, and Robert E. Yuskavage

11 Integrated Macroeconomic Accounts for the United States

Albert M. Teplin, Rochelle Antoniewicz, Susan Hume Mcintosh, Michael G. Palumbo, Genevieve Solomon, Charles Ian Mead, Karin Moses, and Brent Moulton

12 Micro and Macro Data Integration

Randy A. Becker, John Haltiwanger, Ron S. Jarmin, Shawn D. Klimek and Daniel J. Wilson

Panel Remarks

Dale W. Jorgenson, J. Steven Landefeld, and William D. Nordhaus