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Recognition of Business and Government Expenditures for Software as Investment: Methodology and Quantitative Impacts, 1959-98

Author

Listed:
  • Robert P. Parker
  • Bruce T. Grimm

    (Bureau of Economic Analysis)

Abstract

The comprehensive benchmark revision of the national income and product accounts (NIPA’s), released in October of last year, newly recognized business and government expenditures for computer software as investment. This paper describes the methodology for annual and quarterly estimates of software investment, consumption of fixed capital, and business incomes. This description is an expansion of the technical notes describing the methodology that appeared in the August and December issues of the Survey of Current Business. The paper also describes the effects on the NIPA’s and their tabular presentation, of recognizing software.

Suggested Citation

  • Robert P. Parker & Bruce T. Grimm, 2000. "Recognition of Business and Government Expenditures for Software as Investment: Methodology and Quantitative Impacts, 1959-98," BEA Papers 0002, Bureau of Economic Analysis.
  • Handle: RePEc:bea:papers:0002
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    File URL: https://www.bea.gov/papers/pdf/software.pdf
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    Cited by:

    1. Rudolfs Bems, 2008. "Aggregate Investment Expenditures on Tradable and Nontradable Goods," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 852-883, October.
    2. Rouchy, Philippe, 2011. "Swedish embedded software and vertically integrated industries: an appraisal," MPRA Paper 50504, University Library of Munich, Germany.
    3. David Wasshausen & Brent R. Moulton, 2006. "The Role of Hedonic Methods in Measuring Real GDP in the United States," BEA Papers 0067, Bureau of Economic Analysis.
    4. Szalavetz, Andrea, 2007. "Műszaki fejlődés és tőkeintenzitás
      [Technological progress and capital intensity]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 184-198.
    5. Gavin Wallis, 2009. "Capital Services Growth in the UK: 1950 to 2006," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(6), pages 799-819, December.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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