DATA WATCH: IMPLEMENTATION OF A NEW ARCHITECTURE FOR THE US NATIONAL ACCOUNTS* Implementation of a New Architecture for the US National Accounts
Dale W. Jorgenson, J. Steven Landefeld
Abstract
Dale W. Jorgenson, J. Steven Landefeld
Abstract
The development of national accounts is one of the greatest innovations in economics. These accounts are the mainstay of macroeconomic analysis and economic policy and have been cited as one of the reasons for post-WWII stability in the United States and other developed economies. The national income and product accounts (NIPAs) in the United States and the national accounts of other countries were cre
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The development of national accounts is one of the greatest innovations in economics. These accounts are the mainstay of macroeconomic analysis and economic policy and have been cited as one of the reasons for post-WWII stability in the United States and other developed economies. The national income and product accounts (NIPAs) in the United States and the national accounts of other countries were cre
Key concepts: National Income and Product Accounts, National accounts, Architecture, Measures of national income and output, Economics, Gross fixed capital formation, Product (mathematics), Economic growth