NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Brian Moyer

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Working Papers

March 2005Integrating Industry and National Economic Accounts: First Steps and Future Improvements
with Ann M. Lawson, Sumiye Okubo, Mark A. Planting: w11187
The integration of the annual I-O accounts with the GDP-by-industry accounts is the most recent in a series of improvements to the industry accounts provided by the BEA in recent years. BEA prepares two sets of national industry accounts: The I-O accounts, which consist of the benchmark I-O accounts and the annual I-O accounts, and the GDPby- industry accounts. Both the I-O accounts and the GDP-by-industry accounts present measures of gross output, intermediate inputs, and value added by industry. However, in the past, they were inconsistent because of the use of different methodologies, classification frameworks, and source data. The integration of these accounts eliminated these inconsistencies and improved the accuracy of both sets of accounts. The integration of the annual industry ...

Published: Integrating Industry and National Economic Accounts: First Steps and Future Improvements, Ann M. Lawson, Brian C. Moyer, Sumiye Okubo. in A New Architecture for the U.S. National Accounts, Jorgenson, Landefeld, and Nordhaus. 2006

January 2005Aggregation Issues in Integrating and Accelerating BEA's Accounts: Improved Methods for Calculating GDP by Industry
with Marshall Reinsdorf, Robert Yuskavage: w11073
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" ...

Published: Brian C. Moyer & Marshall B. Reinsdorf & Robert E. Yuskavage, 2006. "Aggregation Issues in Integrating and Accelerating the BEA," NBER Chapters, in: A New Architecture for the U.S. National Accounts, pages 263-287 National Bureau of Economic Research, Inc.

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