Papers

This paper uses Census microdata and a regression‐based approach to assign multi‐division firms’ pre‐2008 Research and Development (R&D) expenditures to more than one industry. Since multi‐division firms conduct R&D in more than one industry, assigning R&D to corresponding industries… Read more

The Bureau of Economic Analysis recently created new price indexes for health care in its health care satellite account and now faces the problem of how to adjust them for quality. I review the literature on this topic and divide the articles that created quality-adjusted price indexes for… Read more

Under international guidelines, official statistics on international trade and investment include transactions within multinational enterprises (MNEs) and positions on foreign direct investment. A complicating factor in the interpretation and understanding of the official statistics is the role… Read more

This study examines knowledge management within multinational enterprises (MNEs) by analyzing whether greater interdependence of production between U.S. parent firms and their foreign subsidiaries increases the provision of headquarter (HQ) services from the home country. The findings suggest… Read more

We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly… Read more

The U.S. health-care system is characterized by the rapid adoption and diffusion of medical technologies and high regional variation in health-care utilization and spending. I examine the correlations in the adoption and utilization rates of sixteen outpatient health-care technologies of… Read more

We examine the impact of Medicare Part D on mortality for the population over the age of 65. We identify the effects of the reform using variation in drug coverage across counties before the reform was implemented. Studying mortality rates immediately before and after the reform, we find that… Read more

The proper measurement of inflation in health care is important for policymakers to understand the drivers of price growth. For this reason, the U.S. Bureau of Economic Analysis (BEA) recently released an alternate presentation of inflation for the health care sector that examines prices by… Read more

This manual is intended to be a "primer" on the rudiments of the methodologies used to estimate capital stocks and the value of their services by statistical agencies. It explains the key parts of methodologies used to estimate wealth stock estimates through the use of numeric examples and… Read more