Experimental Estimates for State Level Personal Consumption Expenditures
Date: March 25, 2014
Time: 2 p.m.
Contact: Rosa Soliz, firstname.lastname@example.org
Webinar URL: http://connect.msu.edu/ncrcrd
About the Webinar: Personal consumption expenditures make up the largest category of final demand and provide a direct measure of goods and services consumed by households. As such, state-level consumption statistics could facilitate regional tax policy analysis and marketing uses, and provide an additional measure of economic well-being to complement state level GDP and disposable personal income.
Bureau of Economic Analysis economists have developed expenditures for eight categories of goods, seven categories of services, and net expenditures of nonprofit institutions serving households (NPISHs) for fifty states plus the District of Columbia for the years 1997 to 2011 that can be used on conjunction with other BEA regional statistics. This webinar will cover the methodology used for the experimental statistics, a first look at some of the results, and a discussion of BEA’s plans for refining and extending the statistics.
About the Speakers: Carol Robbins is Chief of the Analysis and Special Studies Branch of the Regional Product Division at the Bureau of Economic Analysis. Ledia Guci is a research economist with the Regional Analysis and Special Studies Branch of the Bureau of Economic Analysis.