Since the mid-1990s, the national income and product accounts personal saving rate for the United States has been trending down, dropping into negative territory for three months during the past two years. This paper examines measurement problems surrounding two of the standard definitions of the personal saving rate. The authors conclude that, despite these measurement problems, the recent decline of the U.S. personal saving rate to low levels seems to be a real economic phenomenon and may be a cause for concern for several reasons. After examining several possible explanations for the trend advanced in the recent literature, the authors conclude that none of them provides a compelling explanation for the steep decline and negative levels of the U.S. personal saving rate.
It differs from the estimate of personal income in the national income and product accounts due to differences in coverage, methodologies used to prepare the estimates and in the timing of the availability of source data. By comparison, U.S. personal income grew 6.2% in 2007, down from 6.7% in 2006. (For more on the state's hottest Zip Codes, see "Metro Jackson communities home to the wealthiest Zip Codes" in the March 31 issue of the Mississippi Business Journal.) "Madison County, for example, has personal income well above the national average," Hill says.
Industry investment in R&D accelerated in the US and many other nations during 2006, according to the Industrial Research Institute's latest annual R&D leaderboard. Overall, Asia's share of 2008 global R&D should grow to 40.8%, up from 36.9% in 2006. The US, in contrast, is seen declining from 32.7% in 2006 to 30.1% in 2008. The latest EU Industrial R&D Scoreboard finds that the top 1,000 R&D investors in the EU increased their R&D over 2006 by 7.4%, while the top 1,000 R&D investors outside the EU hiked their R&D by 11.1%. US R&D for 2006 is officially counted as 2.76% of GDP, second only to Japan. But it may actually be much higher. According to the US Bureau of Economic Analysis, GDP would have been an average of 2.9% higher between 1959 and 2004 i...
... directly from the latest audited company accounts as of August 1, 2007, thus representing the 2006/0... strategies had 40 percent higher operating income growth and 100 percent higher shareholder returns ...national income and product accounts. This means that 2004 ...
This report presents the Tax Foundation's most detailed portrait of the geographic spread of the federal tax burden to date. It provides estimates of all federal taxes - individual income taxes, corporate income taxes, payroll taxes, estate taxes and all federal excise taxes - by major city area, county, congressional district and state, illustrating the striking diversity of impact that federal tax policies established by Congress have on communities across the US. It should come as no surprise that America's richest cities also bear the nation's highest federal tax burdens. The average household in Stamford-Norwalk paid a staggering $82,745 in federal taxes in 2004 - more than double any other city in America. The number one low-tax city in America is the McAllen-Endinburg-Mission are...
...All figures are from the National Income and Product Accounts (NIPA) maintained by t...
The FY 2012 HUD Appropriations Act requires that HUD apply ``an inflation factor as established by the Secretary, by notice published in the Federal Register'' to adjust FY 2012 renewal funding for the tenant-based rental assistance voucher program or housing choice voucher (HCV) program of each PHA. For FY 2011 and FY 2010, renewal funding was based on annual adjustment factors (AAFs) and HUD published separate Renewal Funding AAFs for this purpose. The Renewal Funding AAFs, based only on Consumer Price Index (CPI) data for rents and utilities, have been replaced by inflation factors that incorporate additional economic indices to measure the expected change in the per unit cost (PUC) for the HCV program.
...`wages and salaries'' component of personal income from the National Income and Product Accounts from...
... in an economy's output, employment, or income, the export-base model is particularly compatible ... of observed output change over time in national, regional, and local economies between growth in l... side factors such as knowledge and productivity growth, especially in relation to endogenous growt...National Income and Product Accounts (Planting & Kuhbach; 2001), and it has been adopte...
A stock-adjustment model of real estate investment is developed to address the speed of adjustment problem in commercial real estate markets. US quantity adjustments are lagged before desired capital stock are integrated into the market. This lag indicates the susceptability of US commercial real estate markets to boom-and-bust cycles. This difference also accounts for the Canadian and UK property markets' greater stability.
... resources have been absorbed into productive new endeavors [16]. . In what follows, we propose ... we analyze for [E.sub.it] are from the National Income and Product Accounts (or National Income an...
...international transactions and national income and product accounts, and for annual estima...
This final rule amends regulations of the Department of Commerce's Bureau of Economic Analysis (BEA) to set forth the reporting requirements for the 2012 BE-12, Benchmark Survey of Foreign Direct Investment in the United States. The BE-12 survey is conducted every five years; the prior survey covered 2007. The benchmark survey covers the universe of foreign direct investment in the United States, and is BEA's most detailed survey of such investment. For the 2012 benchmark survey, BEA is changing reporting thresholds and data items collected, as well as changing the names and design of the survey forms. The changes are intended to align the data collection program for multinational companies with available resources and align the statistics on multinational companies with recent changes ...
...international transactions and national income and product accounts, and for annual estima...
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