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A New Architecture for the U.S. National Accounts$
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Dale W. Jorgenson, J. Landefeld, and William D. Nordhaus

Print publication date: 2006

Print ISBN-13: 9780226410845

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226410876.001.0001

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Micro and Macro Data Integration

Micro and Macro Data Integration

The Case of Capital

Chapter:
(p.541) 12 Micro and Macro Data Integration
Source:
A New Architecture for the U.S. National Accounts
Author(s):
Randy A. Becker, John Haltiwanger, Ron S. Jarmin, Shawn D. Klimek, Daniel J. Wilson
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226410876.003.0013

This chapter focuses on the empirical basis for the allocation of investment flows by industry and by asset. It suggests that inconsistencies between industry and asset measures of capital and firm and establishment measures reflect dramatically different methodologies. This chapter recommends the integration of micro and macro approaches to capital measurement and a redesign of surveys to generate better microdata on investment flows and capital stocks.

Keywords:   investment flows, capital measurement, industry, microdata, capital stocks, asset measures

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