A New Architecture for the U.S. National Accounts

Jorgenson, Dale W.; Landefeld, J. Steven; Nordhaus, William D.

doi:10.1111/j.1475-4991.2008.00306.x

Cited by 40 publications

(7 citation statements)

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“…The measures of capital and labor inputs and productivity in the prototype system of US national accounts presented by Jorgenson and Landefeld (2006) and updated by Jorgenson (2009b) are consistent with the OECD productivity manual, SNA 2008, and the OECD Manual, Measuring Capital. The volume measure of input is a quantity index of capital and labor services, while the volume measure of output is a quantity index of investment and consumption goods.…”

Section: Official Statistics On Productivitymentioning

confidence: 98%

Information technology and U.S. productivity growth: evidence from a prototype industry production account

Jorgenson

Samuels

2011

J Prod Anal

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Section: Official Statistics On Productivitymentioning

confidence: 98%

Information technology and U.S. productivity growth: evidence from a prototype industry production account

Jorgenson

Samuels

2011

J Prod Anal

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“…Nature's Numbers: Accounting for Amenities and the Nonmarket Economy From a theoretical perspective, a policy-relevant measure of sustainability should be directly grounded in the national income and product accounts (NIPA), since they are also the source of other objective measures that guide much of public policy. The NIPA arguably represent one of the "greatest innovations in economics" (Jorgenson 2009); they are the national equivalent to a corporation's balance sheet and provide a snapshot summary of different aspects of the national economy. Operationally, the NIPA form the backbone for the tabulation of such metrics as GDP, personal consumption expenditure and net exports of goods and services.…”

Section: Quantifying Sustainability For Public Policymentioning

confidence: 99%

Are Green Cities Nice Places to Live? Examining the Link between Urban Sustainability and Quality of Life

Bieri¹

2013

Michigan Journal of Sustainability

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The growing importance of nonmarket assets such as the environment, combined with the unprecedented availability of high-resolution data, has renewed broad interest in quantifying sustainability at different spatial levels. Policy-related decision making requires that potential sustainability measures meet three key requirements: (i) sustainability metrics need to be comprehensive so that they reflect the experience of representative households, (ii) sustainability indices need to be comparable across different geographic scales, and (iii) measures of sustainability need to be economically meaningful, ideally tying into the larger system of national accounts. However, conventional sustainability indices do not tend to meet these criteria, which renders them inappropriate for public-policy efforts. The subjectivity and theoretical inconsistency of common sustainability indices presents the biggest obstacle for their adoption as valid public policy targets. This article introduces an urban sustainability index that is based on a theoretically consistent, empirical measure of quality of life. Specifically, this article shows that greenness of cities has a strong positive correlation with urban quality of life, suggesting that the greener the city, the nicer a place to live it is. This is largely because energy efficiency is capitalized into economic activity and ultimately into urban quality of life. This relationship appears to hold across cities of all sizes, clearly emphasizing the direct link between progressive environmental policy and locational desirability. The takeaway message is straightforward: More "greenness" correlates to higher quality of life in urban areas. "We must slow the rush to public acceptance of urban disamenities . . . as the defenders of the great cities we take Faustian positions; we see the positive values of civilization flowing from them." (Alonso 1976, p.54) 52 Michigan Journal of Sustainability Quantifying Sustainability for Public PolicyClimate change is expected to have significant economic impacts and is generating the near term-need for sizeable investments in infrastructure, mitigation and preparedness projects. Yet because the transition to sustainable growth and the comprehensive reduction of CO 2 greenhouse gas emissions from growth-related energy consumption carry all the hallmarks of public goods, these goals will not be achieved by private sectors alone. Instead, there is an active role for public policy. From the perspective of policy makers, however, the prioritization of such large investment needs is very complex and fraught with a number of implementation challenges. To make matters worse, the recent financial crisis has left federal, state and particularly municipal governments in a state of fiscal crisis with very little capacity to make the necessary investments to achieve de-carbonization in the housing sector, transportation and public infrastructure.All too often, projects that require large financial commitments are ignored, crowded out by the near-...

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“…In order to avoid any misunderstanding however, one should have in mind that Jorgenson (2009) does not include a draft SNA‐USA as is done in Chapter 11 of JLN 2006. The prototype accounting system in Jorgenson (2009) “builds directly on the NIPAs” (p. 9) which are extended. The structure of the prototype “is similar to the NIPAs” (p. 10).…”

Section: Integrated Macroeconomic Accounts Following the Sna Patternmentioning

confidence: 99%

“…(8) Finally, a new concept of level of living appears in JLN (table 1.29, p. 89; see also Jorgenson, 2009, pp. 29–30).…”

Section: National Accounting Growth Accounting and Multifactor Pmentioning

confidence: 99%

“…A New Architecture for the U.S. National Accounts , edited by Dale W. Jorgenson, J. Steven Landefeld, and William D. Nordhaus (henceforth JLN), is a contribution volume that contains the proceedings of the April 16–17, 2004, Conference on Research in Income and Wealth. Its purpose was to propose, as a work‐in‐progress, “A New Architecture for the U.S. National Accounts.” This agenda is further elaborated in Jorgenson (2009). The book is a rather long one (638 pages).…”

Section: Introductionmentioning

confidence: 99%

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The New Architecture of the U.S. National Accounts and Its Relationship to the Sna

Vanoli¹

2010

Review of Income and Wealth

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A New Architecture for the U.S. National Accounts

Cited by 40 publications

References 38 publications

Information technology and U.S. productivity growth: evidence from a prototype industry production account

Information technology and U.S. productivity growth: evidence from a prototype industry production account

Are Green Cities Nice Places to Live? Examining the Link between Urban Sustainability and Quality of Life

The New Architecture of the U.S. National Accounts and Its Relationship to the Sna

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