An Analysis of the Composition of Intermediate Inputs by Industry
AbstractThe Gross Domestic Product (GDP) by industry accounts for the United States provide industry estimates of value added, gross output, and intermediate inputs based, in part, on data from the benchmark and annual input-output (I-O) accounts for the United States. The GDP by industry data provide a decomposition of an industry’s gross output into expenditures on primary inputs--that is, value-added inputs--and expenditures on total intermediate inputs. Recently, these data have been widely used in studies of structural change and economic growth in the U.S. economy. This paper extends the information available for such studies by introducing intermediate inputs decomposed into the cost categories of energy, materials, and purchased services using a time-series of I-O “use” tables. It develops a conceptual framework for measuring intermediate-inputs price and quantity growth and then uses this framework to prepare nominal estimates, chain-type price indexes, and chain-type quantity indexes for intermediate inputs by industry and by cost category. It also presents contributions by each cost category to growth in the chain-type price and quantity indexes of gross output. Data are consistent with the published GDP by industry accounts and are presented for the years 1992-2000.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Bureau of Economic Analysis in its series BEA Papers with number 0023.
Date of creation: Oct 2002
Date of revision:
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Bernstein).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.