This page provides access to papers and presentations prepared by BEA staff. Abstracts are presented in HTML format; complete papers are in PDF format with selected tables in XLS format. The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.

The Expanding Role of Hedonic Methods in the Official Statistics of the United States

The method of using regressions of prices on characteristics to adjust for quality changes has grown dramatically in the United States statistical agencies in recent years. For example, currently 18 percent of the final expenditures in gross domestic product is deflated using price indexes that… Read more

Brent R. Moulton
P2001-6
Published
JEL Code(s)None Assigned

Investigating Convergence of the U.S. Regions: A Time-Series Analysis

Most economists conclude that the U.S. regions have converged in per capita earnings during a majority of the 20th century, though controversy abounds over the methods employed to test for such convergence. Using time-series techniques, this paper finds evidence that the U.S. regions have… Read more

Richard E. Kane
WP2001-2
Published
JEL Code(s)R12

Alternative Treatments of Consumer Durables in the National Accounts

Barbara M. Fraumeni, Sumiye Okubo
P2001-5
Published
JEL Code(s)None Assigned

Revisions to GDP

J. Steven Landefeld, Bruce T. Grimm
P2001-2
Published
JEL Code(s)None Assigned

Selected Price Estimation Work at Other Government Organizations

Bruce T. Grimm
P2001-4
Published
JEL Code(s)None Assigned

Balancing the GDP Account

G. Christian Ehemann, Brent R. Moulton
P2001-3
Published
JEL Code(s)None Assigned

Expansion Strategies of U.S. Multinational Firms

Recent theoretical work tends to characterize multinational enterprises as arising through either horizontal or vertical foreign direct investment (FDI). Empirical research tends to find stronger support for the former than for the latter. In this paper, we use recent, detailed data on U.S.… Read more

Gordon H. Hanson, Raymond J. Mataloni, Jr., Matthew J. Slaughter
WP2001-01
Published
JEL Code(s)F23

Priorities for Industry Accounts at BEA

The U.S. economy is undergoing significant structural change that economists and policymakers would like to study from an industry perspective. BEA’s industry accounts--the input-output (I-O) accounts, the gross product originating (GPO) accounts, and the gross state product (GSP) estimates--… Read more

Robert Yuskavage
P2000-7
Published
JEL Code(s)None Assigned

International Accounts Data Needs: Plans, Progress, and Priorities

BEA’s International Accounts Directorate is responsible for preparing the nation’s estimates of the international transactions accounts, international investment position, and operations of U.S. parent companies and U.S. and foreign affiliates, and for preparing analyses of major developments… Read more

Ralph Kozlow
P2000-8
Published
JEL Code(s)None Assigned

Treatment of Employee Stock Options in the U.S. National Economic Accounts

U.S. companies increasingly use the granting of employee stock options as part of an overall compensation package. What was originally an executive perk is now often provided to all employees. This growth has added significance to several questions on the treatment and valuation of these stock… Read more

Carol Moylan
P2000-6
Published
JEL Code(s)None Assigned