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A New Architecture for the U.S. National Accounts

5 Pages Posted: 12 Aug 2011  

Dale W. Jorgenson

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

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Date Written: September 20, 2010

Abstract

The purpose of this Grand Challenge is to accelerate the development of new economic data for the resolution of policy issues involving long-term growth. Significant examples include public and private provision for retirement income and the outlook for health care expenditures and public programs to cover health care costs. The public programs for retirement income and health care are critical components of the long-term development of the federal budget. Other important examples include broadening the concept of investment to include investment in human capital through health care and education and investment in intangibles, such as research and development.

Suggested Citation

Jorgenson , Dale W., A New Architecture for the U.S. National Accounts (September 20, 2010). American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas. Available at SSRN: https://ssrn.com/abstract=1889308 or http://dx.doi.org/10.2139/ssrn.1889308

Dale W. Jorgenson (Contact Author)

Harvard University - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Harvard University - Harvard Kennedy School (HKS) ( email )

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