Aggregation issues in integrating and accelerating BEA's accounts: improved methods for calculating GDP by industry
"Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate rea...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11073 |
| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | "Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real output growth rates; very little is due to the treatment of the statistical discrepancy, differences in aggregation methods, or the contributions formula. Moreover, we demonstrate that with consistent data, use of BEA's Fisher-Ideal aggregation procedures to aggregate value added over industries yields the same estimate of real GDP as aggregation over final commodities. Thus, two major approaches to measuring real GDP -- "expenditures" approach used in the NIPAs and the "production" or "industry" approach used in the Industry Accounts -- give the same answer under certain conditions. This result enables us to show that the "exact contributions" formula that the NIPAs use to calculate commodity contributions to change in real GDP can also be used to calculate consistent industry contributions to change in real GDP. We also find that using some newly developed datasets would help to bring the aggregate real output measures into closer alignment"--National Bureau of Economic Research web site. |
| Beschreibung: | 29 S. graph. Darst. |
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| id | DE-604.BV019889536 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013213565 |
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| physical | 29 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
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| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Moyer, Brian Verfasser (DE-588)129799602 aut Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry Brian Moyer ; Marshall Reinsdorf ; Robert Yuskavage Cambridge, Mass. National Bureau of Economic Research 2005 29 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11073 "Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real output growth rates; very little is due to the treatment of the statistical discrepancy, differences in aggregation methods, or the contributions formula. Moreover, we demonstrate that with consistent data, use of BEA's Fisher-Ideal aggregation procedures to aggregate value added over industries yields the same estimate of real GDP as aggregation over final commodities. Thus, two major approaches to measuring real GDP -- "expenditures" approach used in the NIPAs and the "production" or "industry" approach used in the Industry Accounts -- give the same answer under certain conditions. This result enables us to show that the "exact contributions" formula that the NIPAs use to calculate commodity contributions to change in real GDP can also be used to calculate consistent industry contributions to change in real GDP. We also find that using some newly developed datasets would help to bring the aggregate real output measures into closer alignment"--National Bureau of Economic Research web site. Ökonometrisches Modell Gross domestic product Econometric models Reinsdorf, Marshall B. Verfasser (DE-588)129799629 aut Yuskavage, Robert Verfasser (DE-588)129799637 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11073 (DE-604)BV002801238 11073 http://papers.nber.org/papers/w11073.pdf kostenfrei Volltext |
| spellingShingle | Moyer, Brian Reinsdorf, Marshall B. Yuskavage, Robert Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Gross domestic product Econometric models |
| title | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry |
| title_auth | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry |
| title_exact_search | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry |
| title_full | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry Brian Moyer ; Marshall Reinsdorf ; Robert Yuskavage |
| title_fullStr | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry Brian Moyer ; Marshall Reinsdorf ; Robert Yuskavage |
| title_full_unstemmed | Aggregation issues in integrating and accelerating BEA's accounts improved methods for calculating GDP by industry Brian Moyer ; Marshall Reinsdorf ; Robert Yuskavage |
| title_short | Aggregation issues in integrating and accelerating BEA's accounts |
| title_sort | aggregation issues in integrating and accelerating bea s accounts improved methods for calculating gdp by industry |
| title_sub | improved methods for calculating GDP by industry |
| topic | Ökonometrisches Modell Gross domestic product Econometric models |
| topic_facet | Ökonometrisches Modell Gross domestic product Econometric models |
| url | http://papers.nber.org/papers/w11073.pdf |
| volume_link | (DE-604)BV002801238 |
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