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The Measurement of Depreciation in the U.S. National Income and Product Accounts
As part of the recent comprehensive revision of the nipa’s, bea introduced an improved methodology for calculating depreciation. The improved methodology uses empirical evidence on the prices of usedExpand
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The changing wealth of nations : measuring sustainable development in the new millennium
This book is about development and measuring development progress. While precise definitions may vary, development is, at heart, a process of building wealth, the produced, natural, human, andExpand
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Productivity and U.S. Economic Growth
Overview. Methodology. Sectoral Labor Input. Sectoral Capital Input. Sectoral Output and Intermediate Output. Growth in Sectoral Output. Sectoral Substitution and Technical Change. Aggregate LaborExpand
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Taking the Pulse of the Economy: Measuring GDP
This article provides a broad overview of the measurement techniques used in estimating GDP and the national accounts in the United States. In the United States, the GDP and the national accountsExpand
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Investment in Education and U.S. Economic Growth
The purpose of this paper is to measure the impact of investment in education on U.S. economic growth. Education is treated as an investment in human capital, since benefits accrue to an educatedExpand
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R&D in the National Income and Product Accounts: A First Look at its Effect on GDP
According to the estimates in this paper, R&D is a significant contributor to economic growth. Over the forty-year period studied, 1961-2000, returns to R&D capital accounted for 10 percent of growthExpand
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