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Designing a New Architecture for the U.S. National Accounts

Author

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  • Dale W. Jorgenson

    (University Professor at Harvard University, teaching in the Department of Economics and Harvard Kennedy School)

Abstract

The key elements of a new architecture for the U.S. national accounts have been developed in a prototype system constructed by Dale W. Jorgenson and J. Steven Landefeld, director of the Bureau of Economic Analysis at the U.S. Department of Commerce. As the U.S. economy emerges from the most severe contraction since the Second World War, the focus of policy will shift toward enhancing the economy’s potential for growth. A second motivation for the new architecture is to integrate the different components of the decentralized U.S. statistical system and make them consistent.

Suggested Citation

  • Dale W. Jorgenson, 2010. "Designing a New Architecture for the U.S. National Accounts," The ANNALS of the American Academy of Political and Social Science, , vol. 631(1), pages 63-74, September.
    • Handle: RePEc:sae:anname:v:631:y:2010:i:1:p:63-74
    DOI: 10.1177/0002716210374293
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    References listed on IDEAS

    as
    1. Dale W. Jorgenson & J. Steven Landefeld, 2009. "Implementation of a New Architecture for the US National Accounts," American Economic Review, American Economic Association, vol. 99(2), pages 64-68, May.
    2. J. Steven Landefeld & Eugene P. Seskin & Barbara M. Fraumeni, 2008. "Taking the Pulse of the Economy: Measuring GDP," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 193-216, Spring.
    3. Michael G. Palumbo & Jonathan A. Parker, 2009. "The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?," American Economic Review, American Economic Association, vol. 99(2), pages 80-86, May.
    4. Michael J. Harper & Brent R. Moulton & Steven Rosenthal & David B. Wasshausen, 2009. "Integrated GDP-Productivity Accounts," American Economic Review, American Economic Association, vol. 99(2), pages 74-79, May.
    5. Paul Schreyer, 2001. "The OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 2, pages 37-51, Spring.
    6. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005. "Productivity, Volume 3: Information Technology and the American Growth Resurgence," MIT Press Books, The MIT Press, edition 1, volume 3, number 0262101114, December.
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