A New Architecture for the U.S. National Accounts

42 Pages Posted: 27 Apr 2009

See all articles by Dale W. Jorgenson

Dale W. Jorgenson

Harvard University - Department of Economics; National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)

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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, U.S. Department of Commerce. The focus of the U.S. national accounts is shifting from economic stabilization policy toward enhancing the economy's growth potential. 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

Jorgenson, Dale W., A New Architecture for the U.S. National Accounts. Review of Income and Wealth, Vol. 55, Issue 1, pp. 1-42, March 2009, Available at SSRN: https://ssrn.com/abstract=1381802 or http://dx.doi.org/10.1111/j.1475-4991.2008.00306.x

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