A guide to the use of chain aggregated NIPA data

By Karl Whelan. 2000

125 citations recorded by the source corpus.

In 1996, the U.S. Department of Commerce began using a new method to construct all aggregate "real" series in the National Income and Product Accounts (NIPA). This method employs the so-called "ideal chain index" pioneered by Irving Fisher. The new methodology has some extremely important implications that are unfamiliar to many practicing empirical economists; as a result, mistaken calculations with NIPA data have become very common. This paper explains the motivation for the switch to chain aggregation and then illustrates the usage of chain-aggregated data with three topical examples, each relating to a different aspect of how information technologies are changing the economy.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/9d2296f68de5835744a74085eaa46d36f61a8bec

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In Economics and Econometrics

1. Sylaja Srinivasan
2. N. Oulton

Citations in the corpus

• Capital stocks, capital services, and depreciation: an integrated framework (2003, background): “Whelan (2000a) has analysed the optimal retirement decision in such a world (although he assumes malleable capital).”
• A Consumption-Based Explanation of Expected Stock Returns (2006, unknown): “See Table A1 for the SIC codes corresponding to each industry.”