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Further Integrating BEA's Economic Accounts: Introducing Annual Input-Output Estimates into the Gross State Product by Industry Accounts

Author

Listed:
  • John Sporing Jr.
  • George K. Downey
  • John R. Kort

    (Bureau of Economic Analysis)

Abstract

The December 2004 release of the GSP estimates takes BEA’s integration efforts one-step further, an important long-term goal in BEA’s Strategic Plan. Specifically, due to the concurrent release and integration of the annual IO accounts and the GDP-by-industry accounts and the resulting consistency of the estimates, the GSP program is now able to use these consistent and timelier annual IO accounts. This paper presents a new procedure for estimating GSP for most goods-producing industries for years 1998-2002 that integrates the GSP accounts more closely with the annual IO accounts and the GDP-by-industry accounts.

Suggested Citation

  • John Sporing Jr. & George K. Downey & John R. Kort, 2005. "Further Integrating BEA's Economic Accounts: Introducing Annual Input-Output Estimates into the Gross State Product by Industry Accounts," BEA Papers 0050, Bureau of Economic Analysis.
    • Handle: RePEc:bea:papers:0050
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    JEL classification:

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

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