New BEA paper on vertical goods, which in turn are inputs direct investment, allowing specialization trade to final consumption goods. All firms to offshore while keeping Manufacturing trade and verti­ three types of goods may be production within the firms. cal specialization trade, which traded but face transportation Trade among affiliated firms can be defined as trade in goods costs and tar...

New Comparison of PCE price indexes have different pur-The integrated economic ac­ and CPI Price Indexes poses. Thus, they are con-counts can be accessed at A new interactive comparison of structed differently and tend to . And penditures (PCE) price index, over time. the comparison of pe...

Price indexes for Medicare the Medicare Advantage pro-not attach a diagnosis separately Advantage enrollees gram, private insurance plans to each claim or event but in-The measurement of inflation contract with Medicare to pro-stead only requires diagnosis and output in the economically vide health insurance to Medi­ and spending data at an annual critical health care sector is of vi-care benef...

BEA study derives industry R&D productivity. The chal­ industry level. Not surprisingly, R&D price indexes lenge is to identify the growth the use of a common deflator for Research and development rate of this R&D productivity R&D investment implies more (R&D) and other intangibles are using data available on an ongo­ rapid R&D investment growth widely understood to make sig­ ing basis. for ind...

BEA study uses novel data to explore export methods Over the past decade, interest in the industrial organization of international trade has exploded, as new microdata sets have led to the development of heterogeneous firm trade models that link firm characteristics and export participation. economist at the Bureau of Economic Analysis (BEA), has added to the literature with a recent paper that...

gies affect the quality of Much of the previous work The results indicate that the treatment and individual welfare examining innovation in the quality-adjusted price of antiis essential. Many economists health care sector relied on ag­ cholesterol drugs has fallen conwould agree that new technolo­ gregate data. However, Dunn’s siderably since 1996. The impact gies lead to higher expenditures p...

BEA Participates in Panel This paper develops a tech-engineering, and production de-on Semiconductors nique that can be used to appor­ cisions. The paper estimates the At the Allied Social Sciences As­ tion improvements in an index underlying demand and (1) sociation meeting in January, of quality-adjusted price be-quantitatively compares Intel's BEA Chief Economist Ana tween changes in nominal...

BEA economist looks at sumers essentially separate tion strategies at an airline, the airline price strategies themselves through the ticket authors developed a simple the-The role of pricing strategies, choices that they make. This oretical model of second-degree which can have a profound im­ type of self selection is referred price discrimination and applied pact on companies' profitability, ...

In recent years researchers have investigated a growing number of weighted heterogeneous networks, where connections are not merely binary entities, but are proportional to the intensity or capacity of the connections among the various elements. Different degree centrality measures have been proposed for this kind of networks. In this work we propose weighted degree and strength centrality meas...