BEA’s Government Accounts: Facing New Challenges Brian C. Moyer Chief, Government Division National Economic Accounts Data Users’ Conference April 13,

Slides:



Advertisements
Similar presentations
KLEMS and the NIPAs J. Steven Landefeld, Director World KLEMS Conference Harvard University August 20 th, 2010.
Advertisements

BEA’s KLEMS Statistics: Measuring Outputs and Intermediate Inputs
1 GDP OF HEALTH SERVICES – INDIAS ESTIMATION PROCEDURES Ramesh Kolli Additional Director General Ministry of Statistics & Programme Implementation.
Implementation of 2008 SNA in Jamaica. Outline Policy issues - relationship with national accounts framework The Jamaican System of National Accounts.
Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting Statistics January 30-February 1, 2013 Kingston, Jamaica.
INFO 4470/ILRLE 4470 National Income and Product Accounts: Business Cycles John M. Abowd and Lars Vilhuber February 23, 2011 Thanks to Brent Moulton, BEA.
II. Compilation of GDP by income approach
Annual Industry Accounts Overview George Smith & Nicole Mayerhauser Current Industry Analysis Division Bureau of Economic Analysis Industry Accounts Users’
2006 BEA Government Statistics Users Conference The Government Division’s Research Program: 2004 – 2006 and Beyond Brooks B. Robinson Chief, Government.
Measuring Domestic Output and National Income
Better Data for Better Decisions: Progress & Prospects J. Steven Landefeld, Director Measuring and Enhancing Services Trade Data & Information.
Integration, KLEMS and the NIPAs J. Steven Landefeld, Director World KLEMS Conference Harvard University August 20 th, 2010.
Service Sector Improvements in the National Economic Accounts J. Steven Landefeld, Director Measuring Up in a Changing Economy: A Look at New.
Update on NIPA Projects and Plans Brent Moulton BEA Advisory Committee Washington, DC May 6, 2011.
National Health Expenditure Accounts (NHEA) Stephen Heffler Director, National Health Statistics Group Office of the Actuary National Economic Accounts.
Seasonal Adjustment and BEA’s Estimates of GDP and GDI Bob Kornfeld BEA Advisory Committee Meeting May 11 th, 2012.
Chapter 24 Measuring Domestic Output and National Income
Using BEA`s Gross State Product (GSP) Estimates George K. Downey Understanding Regional Economic Data for Policy and Planning—Dallas, Texas September 8,
Overview of the Bureau of Economic Analysis Regional Accounts at the BEA Robert L. Brown Calibrating the Nevada Economy: Data Tools for Assessing Our State.
Looking Ahead: 2013 NIPA Comprehensive Revision Brent Moulton BEA Advisory Committee Washington, DC May 11, 2012.
Improving Economic Data through Data Synchronization Presentation for APDU September 25, 2009 Adrienne Pilot
The U.S.R&D Satellite Account: Measurement Issues and R&D Satellite Account Methodology Sumiye Okubo R&D Conference December 13, 2006.
Chapter Five: Macroeconomic Measurement: The Current Approach.
NIPA – Flow of Funds Accounts Integration BEA Government Statistics Users Conference Charlotte Anne Bond Special Studies Branch September 14, 2006.
Revised Treatment of Disasters in the NIPAs and FAAs Preview of the 2008 NIPA Comprehensive Revision Nicole Mayerhauser National Economic Accounts Data.
GDP, the National Accounts, and Census Economic Data Brent Moulton March 15, 2007.
BEA’s Measures of Capital Robert Kornfeld UNECE/Eurostat/OECD Task Force on Measuring Sustainable Development September 23-24, 2009.
Overview of the Bureau of Economic Analysis Regional Accounts at the BEA Robert L. Brown Monitoring Mississippi: Data & Tools for Understanding Our State.
BEA Regional Data – A Guided Tour of Washington Mauricio Ortiz Pacific Northwest Regional Economic Conference Spokane, Washington May 16, 2013.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 21 PART IV CONCEPTS AND PROBLEMS IN MACROECONOMICS.
Government and NPISHs Final Consumption Present practice in India Session III: P.Bhanumati and Anindita Sinharay Ministry of Statistics & Programme.
U.S. International Travel Statistics OECD Working Party on International Trade in Goods and Trade in Services Statistics Robert E. Yuskavage.
24 Measuring Domestic Output and National Income McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
An Overview of BEA’s Other Data Programs Charles Ian Mead PNREAP Regional Workshop Reno, NV September 29, 2009.
BEA’s Regional Economic Accounts: Past Improvements and What Lies Ahead for the Regional Program Robert L. Brown Calibrating the Nevada Economy: Data and.
Looking Beyond the Core Accounts: Research at the U.S. Bureau of Economic Analysis Barbara M. Fraumeni Chief Economist Bureau of Economic Analysis U.S.
Digging into Construction Data Jeff Crawford NABE Teleconference April 8, 2010.
A Satellite Account of U.S. Health Care Spending: Plans and progress Brian C. Moyer Associate Director for Industry Accounts 12 th OECD-NBS Workshop on.
State and Metropolitan Area Gross Domestic Product: What, Why, and When? Clifford H. Woodruff III PNREAP Workshop Reno, NV September 29, 2009.
Benchmark Input-Output Accounts Mary L. Streitwieser, Stas Rzeznik, and Nicholas Empey Industry Benchmark Division Industry Accounts Users’ Conference.
GDP Using the Income Approach: the U.S. Experience Brian C. Moyer International Workshop on Household Income, Consumption, and Full Accounting.
BEA Government Statistics Users Conference Government Insurance Programs Benjamin A. Mandel Bureau of Economic Analysis September 14, 2006.
BEA’s Regional Economic Accounts: Overview and Recent Research Activities Robert L. Brown Understanding Regional Economic Data for Policy and Planning.
The United States Research and Development Satellite Account: Estimates and Challenges Brent R. Moulton Joint UNECE/Eurostat/OECD Meeting on National Accounts.
Toward a Satellite Account for Health Ana Aizcorbe NEA Users’ Conference April 13, 2007.
U.S. Quarterly GDP by Industry Accounts: Methods and Research Results Brian C. Moyer 13th OECD-NBS Workshop on National Accounts Haikou, China.
Experimental Industry Estimates in BEA’s R&D Satellite Account Carol A. Robbins Industry Accounts Data Users Meeting October 26, 2007.
Copyright 2008 The McGraw-Hill Companies 6-1 Assessing the Economy’s Performance Two Approaches to GDP Expenditure Approach GDP Approaches Compared Income.
“Looking Ahead" BEA Regional Data Developments Going Forward James M. Zavrel Navigating the Nevada Economy Reno, NV September 29, 2009.
National Economic Accounts: What’s New and What’s Coming Carol E. Moylan National Economic Accounts Data Users’ Conference October 15, 2007.
Gross Domestic Product. National Income Accounting is a system used to measure the aggregate income and expenditures for a nation Gross Domestic Product.
Barbara M. Fraumeni Muskie School of Public Service, USM, Portland, ME & the National Bureau of Economic Research, USA Conference of European Statisticians.
1 Priorities and challenges faced in implementing SNA 2008 in Belarus National Statistical Committee of the Republic of Belarus.
Organization of Economic Statistics Statistics South Africa.
BEA’s Local Area Statistics Mauricio Ortiz National Association of Counties Economic & Workforce Development Steering Committee Washington,
GDP GROSS DOMESTIC PRODUCT. MEASURE OF ECONOMIC OUTPUT Macro keeps track of production, consumption, saving, investment, & income GDP is used to track.
Chapter 7 Measuring Domestic Output and National Income Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.
National Income Accounting Dr. Dennis Foster. Total Expenditures Approach GDP = Gross Domestic Product GDP = Gross Domestic Product Market value of final.
1 U.S. Health Care Expenditures in the NHEA and in GDP Robert Kornfeld U.S. Bureau of Economic Analysis Pan American Health Organization Washington,
Characteristics of Special Purpose Entities in Measures of U.S. Direct Investment Abroad Dylan G. Rassier Prepared for the Allied Social Science.
METAC Workshop March 14-17, 2016 Beirut, Lebanon National Accounts Compilation Issues Session 8: General Government.
24 Measuring Domestic Output and National Income McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 7 Measuring Domestic Output and National Income Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.
Flexible Annual Revisions Brian C. Moyer Chief, Government Division National Economic Accounts Data Users’ Conference New York, NY March 15, 2007.
Measuring Domestic Output and National Income
Gross Domestic Product
Measuring Domestic Output and National Income
Measuring Domestic Output and National Income
Measuring Domestic Output and National Income
Presentation transcript:

BEA’s Government Accounts: Facing New Challenges Brian C. Moyer Chief, Government Division National Economic Accounts Data Users’ Conference April 13, 2007

2 BEA’s Government Accounts  Government current receipts and expenditures  Government consumption expenditures and gross investment  Other related statistics  Expenditures and gross investment by function  Fixed assets  Federal budget translation  International submissions—OECD and IMF

3 Improvements to the Accounts  Recent improvements  “Government as producer”  Estimates of real expenditures and gross investment by function  Planned improvements for 2008 Example: Private-sector treatment of insurance for government-owned business enterprises

4 National Flood Insurance Corporation Published Proposed Current Surplus

5 Looking beyond 2008 …  Improved measures of real government output— education and health services  Return to government fixed assets  “Real-time” data on state and local governments  Government enterprise sectoring

6 Education and Health Services  Purpose: To develop improved measures of real education and health services that reflect productivity change  Health  Initial research on health services prices  Investigating price and quantity indicators based on data from the Centers for Medicare and Medicaid Services  Education  Initial research on quality-adjusted volume indicators  First steps toward a human capital satellite account

7 Real Output, K-12 Education

8 Return to Government Fixed Assets  Purpose: To develop measures of services of government fixed assets that will support long-term efforts to measure productivity of the government sector  BEA working with BLS to develop price and quantity indicators for government capital services  The key issue: What is the most appropriate rate-of- return for government fixed assets?

9 Alternative Rates-of-Return Billions of 2000 Dollars

10 Real-time Data on S&L Governments  Purpose: To develop improved measures of quarterly S&L expenditures  Annual data available from the Census Bureau’s Government Finance Survey  Pilot study in place to assess the availability of quarterly expenditures data for a few local governments

11 S&L Expenditures: A hypothetical example Total consumption expenditures Compensation and CFC Intermediate Goods and Services Less: Sales to Other Sectors Total consumption expenditures Compensation and CFC Intermediate Goods and Services Less: Sales to Other Sectors

12 Real-time Data on S&L Governments  Purpose: To develop improved measures of quarterly S&L expenditures  Annual data available from the Census Bureau’s Government Finance Survey  Pilot study in place to assess the availability of quarterly expenditures data for a few local governments

13 Enterprise Sectoring  Purpose: To modernize the treatment of government enterprises by separating market from non-market institutional units and transactions  Federal enterprises relatively straightforward  Difficult data issues for S&L enterprises  Large number of units  Difficulty identifying separate institutional units  Statistics on transactions—receipts, expenses, income receipts on assets, and subsidies—are often commingled