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Advancements and Aspirations in Economic Data Delivery Systems

This paper by Jim Peach discusses the evolution of data delivery systems from the 1930s to the early 2000s, focusing on the Bureau of Economic Analysis (BEA) and its improvements over the decades. It outlines key developments, such as the transition from tape systems to modern methods, while presenting a wish list for future enhancements. Key suggestions include improved regional projections, robust software for data analysis, and the need for a comprehensive North American data bank to facilitate better economic analysis and regional insights.

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Advancements and Aspirations in Economic Data Delivery Systems

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  1. Data, Data, Data:Progress and a Wish List Jim Peach Department of Economics and International Business and Office of Policy Analysis, Arrowhead Center New Mexico State University email: jpeach@nmsu.edu

  2. BEA: Data Delivery System: 1930s -

  3. Real GDP Per Capita: 1929-2005Chained 2000 Dollars 37241 CAGR=2.24 7099

  4. NIPA 1947

  5. BEA: Advanced Data Delivery System: 1970s and 1980s

  6. Big Iron: $2,000 per CPU Hour

  7. BEA Data:Running at 4 mhz with 128 KB Ram (5.25 Floppies)

  8. BEA:Nice Improvement

  9. Free at Last, Free at Last:No more tapes! No more JCL!!!

  10. But it still takes me 37 seconds!

  11. Can I download data to my IPOD?

  12. Just go to …. How good is BEA?

  13. A Wish List • Restart the OBERS/BEA Regional Projections

  14. Regional Input-Output Models

  15. Downloadable for any region Free (Greedy aren’t I?) Improved software RIMS III

  16. Gross State Product • Quarterly • Gross Regional Product • MSAs

  17. PCI Highest and Lowest MSAs

  18. Per Capita Income as Percent of US: Yuma, AZ NAFTA IMPLEMENTATION

  19. 1993

  20. 2003

  21. The ACCRA indices are useful, but … Enough said – Not BEA’s problem alone Regional Price Indices

  22. No, not the North American Development Bank We need a NORTH AMERICAN DATA BANK NOT JUST NAICS MISSED OPPORTUNITY IN NAFTA NEGOTIATIONS NADB

  23. BEA, CENSUS, BLS, USITC, …. I know, we have FedStats, but … One Stop Shop (on-line)

  24. And,

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