NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Robert Yuskavage

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Working Papers

January 2005Aggregation Issues in Integrating and Accelerating BEA's Accounts: Improved Methods for Calculating GDP by Industry
with Brian Moyer, Marshall Reinsdorf: 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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