Papers

Using group means computed from twenty years of high quality survey data, I show a strong and robust relation between households' consumption growth and subsequent realizations of their income growth, including realizations as distant as six years later.  The relation appears in multiple… Read more

An aspect of globalization that has attracted increased attention in recent years is trade in intermediate inputs associated with the fragmentation of production across national borders. This trade takes the form of intrafirm transactions when production stages in different countries are… Read more

A new study by BEA finds that the quarterly estimates of state personal income were reliable indicators in the period 1991-2001. That is, they were generally successful in indicating whether a state’s economy was expanding or contracting, whether a state’s economy was accelerating or… Read more

The users of the national income and product accounts (NIPAs) often compare the growth rates of NIPA profit measures with those of other publicly available measures of reported earnings, such as Standard & Poor's 500 earnings. Differences between the NIPA profit measures and the other… Read more

This paper discusses the data on U.S. intrafirm trade in goods collected in BEA's surveys of the operations of U.S. multinational firms and foreign-owned U.S. affiliates. It also examines patterns that emerge from the data, with a particular focus on the intrafirm-trade shares of U.S. exports… Read more

Accurate, quality adjusted prices for nonresidential structures are necessary for a good understanding of the functioning of the economy. In order to improve its estimates of nonresidential structures’ prices, the Bureau of Economic Analysis (BEA) has developed new quality adjusted price indexes… Read more

This paper summarizes the progress the Bureau of Economic Analysis (BEA) has made in converting its paper-based survey data collection system to an electronic reporting system that collects data via the Internet. The paper describes the pilot program that resulted in BEA's Automated Survey… Read more

This paper looks at the U.S. experience and uses it as a benchmark for identifying the key questions that are being asked about the role and influence of MNC's and the types of statistics that are required to answer those questions. The paper goes on to assess whether the U.S. statistics that… Read more

This paper outlines BEA's program of data collection on the operations of U.S. parent companies, their foreign affiliates, and U.S. affiliates of foreign companies.  It also describes a number of related activities that organize the data in ways useful for analysis, derive additional,… Read more