An Integrated BEA/BLS Production Account

The key elements of a new architecture for the U.S. national accounts have been developed in a prototype system constructed by Dale W. Jorgenson and J. Steven Landefeld, Director of the Bureau of Economic Analysis, U.S. Department of Commerce. The focus of the U.S. national accounts is shifting from economic stabilization policy toward enhancing the economy's growth potential. A second motivation for the new architecture is to integrate the different components of the decentralized U.S. statistical system and make them consistent. Copyright 2009 The Author. Journal compilation 2009 International Association for Research in Income and Wealth Published by Blackwell Publishing.

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Industry‐level Productivity Measurement and the 2008 System of National Accounts

Jorgenson

Schreyer

2012

Review of Income and Wealth

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The 2008 System of National Accounts recognizes capital services as the conceptually correct way to measure the input of capital into production. This allows setting up an integrated system of industrylevel and aggregate productivity accounts that are consistent with the 2008 SNA. The paper discusses the new aspects in the 2008 SNA and sets out such an integrated system, based on Jorgenson's aggregate production possibility frontier and gross output-based industry productivity measures. Recent results for industry productivity measures for the United States complete the picture.JEL Codes: E01, E22, O47

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An Integrated BEA/BLS Production Account

Cited by 5 publications

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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

A New Architecture for the U.S. National Accounts

Industry‐level Productivity Measurement and the 2008 System of National Accounts

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