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Measuring Economic Sustainability and Progress - Chicago Scholarship Online
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Measuring Economic Sustainability and Progress

Dale W. Jorgenson, J. Steven Landefeld, and Paul Schreyer


Since the creation of National Accounts during the Great Depression there have been calls to expand macroeconomic statistics to better account for economic growth, the sustainability of growth, and the effect of growth on economic well-being. This volume would be the latest in a long series of Studies in Income and Wealth and earlier NBER publications dating back to the 1930s that have played a key role in the development of the U.S. National Accounts and those of other nations. Work in this volume shows advances within a national accounts framework, and so contributes to other national and in ... More

Keywords: macroeconomic statistics, economic growth, sustainability, economic well being, national accounts, recession, financial statistics, welfare

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780226121338
Published to Chicago Scholarship Online: May 2015 DOI:10.7208/chicago/9780226121475.001.0001


Affiliations are at time of print publication.

Dale W. Jorgenson, editor
Samuel W. Morris University Professor, Department of Economics, Harvard University

J. Steven Landefeld, editor

Paul Schreyer, editor
Organization for Economic Co-operation and Development

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Dale W. Jorgenson, J. Steven Landefeld, and Paul Schreyer

1 Economic Measurement

Ben S. Bernanke

I Expanded Measures of Economic Sustainability and Welfare: Retrospect and Prospect

3 Measuring Social Welfare in the US National Accounts

Dale W. Jorgenson and Daniel T. Slesnick

4 Household Production, Leisure, and Living Standards

Paul Schreyer and W. Erwin Diewert

II Reconciling Administrative and Survey Data on the Distribution of Income and Wealth

9 Analysis of Wealth Using Micro- and Macrodata

Alice M. Henriques and Joanne W. Hsu

III Integrated Economic Accounts

10 The Integrated Macroeconomic Accounts of the United States

Marco Cagetti, Elizabeth Ball Holmquist, Lisa Lynn, Susan Hume McIntosh, and David Wasshausen

11 A Prototype BEA / BLS Industry-Level Production Account for the United States

Susan Fleck, Steven Rosenthal, Matthew Russell, Erich H. Strassner, and Lisa Usher

IV Measuring Sustainability: The Environment, Human Capital, Health, and Innovation

18 Innovation Accounting

Carol A. Corrado and Charles R. Hulten

Panel Remarks

J. Steven Landefeld, Shirin Ahmed, John W. Ruser, Adelheid Burgi-Schmelz