Post on 15-Jan-2016
description
Data, Data, Data:Progress and a Wish List
Jim PeachDepartment of Economics and International Business
andOffice of Policy Analysis, Arrowhead Center
New Mexico State Universityemail: jpeach@nmsu.edu
BEA: Data Delivery System: 1930s -
Real GDP Per Capita: 1929-2005Chained 2000 Dollars
0
5000
10000
15000
20000
25000
30000
35000
40000
1929 1934 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004
RGDPC
7099
37241
CAGR=2.24
NIPA 1947
BEA: Advanced Data Delivery System: 1970s and 1980s
Big Iron: $2,000 per CPU Hour
BEA Data:Running at 4 mhz with 128 KB Ram
(5.25 Floppies)
BEA:Nice Improvement
Free at Last, Free at Last:No more tapes! No more JCL!!!
But it still takes me 37 seconds!
Can I download data to my IPOD?
How good is BEA?
• Just go to ….
A Wish List
• Restart the OBERS/BEA Regional Projections
Regional Input-Output Models
DAIX 1)(
RIMS III
• Downloadable for any region• Free (Greedy aren’t I?)• Improved software
Gross State Product
• Quarterly• Gross Regional Product
– MSAs
PCI Highest and Lowest MSAs
Per Capita Income as Percent of US: Yuma, AZ
50
60
70
80
90
100
1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003
Yuma
NAFTA IMPLEMENTATION
1993
2003
Regional Price Indices
• The ACCRA indices are useful, but …• Enough said –• Not BEA’s problem alone
NADB
• No, not the North American Development Bank
• We need a• NORTH AMERICAN DATA BANK
– NOT JUST NAICS– MISSED OPPORTUNITY IN NAFTA
NEGOTIATIONS
One Stop Shop (on-line)
• BEA, CENSUS, BLS, USITC, ….• I know, we have FedStats, but …
And,