U.S. Department of Commerce
Bureau of Economic Analysis
6268 Kingfisher Lane
Alexandria, VA 22312-3913
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NBER Working Papers and Publications
|May 2006||Integrating Industry and National Economic Accounts: First Steps and Future Improvements|
with Ann M. Lawson, Brian C. Moyer
in A New Architecture for the U.S. National Accounts, Dale Jorgenson, J. Steven Landefeld, and William D. Nordhaus, editors
|August 2005||R&D in the National Income and Product Accounts: A First Look at Its Effect on GDP|
with Barbara M. Fraumeni
in Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger and Dan Sichel, editors
|March 2005||Integrating Industry and National Economic Accounts: First Steps and Future Improvements|
with Ann M. Lawson, Brian C. Moyer, 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 ...