ECON 102 Lecture Notes - Lecture 3: Penn World Table, Capital Account, Consumer Spending
Document Summary
Many sources of macro data, macroecon is based on the interface of theory and data. National accounting = macro variables for the us, includes nipa/ input-output & industry account/ Nipa tables = from national income and product accounts, measure gdp/ employment/ investment/ consumption/ other macro aggregates. Input output matrix on industry accounts = data that focuses on matrix of production in us economy, which industries send to which industries, and where do they buy their inputs from. Federal r serve bank (fed) = flow of funds, how people save their funds, financial intermediaries, how money flows in the economy. Satellite accounts = fixed assets in the us economy, r&d (measure of growth), regional accounts, international accounts (who they"re importing from and exporting to) Summers heston penn world table = created at penn, obtain/ measure different inputs in different industries internationally. Oecd, world bank, imf have own sources of data.
