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National Bureau of Economic Research


Latest Content From National Bureau of Economic Research

Whitepaper: Outsourcing And Imported Services In BEA's Industry Accounts

by National Bureau of Economic ResearchJan 01, 2008

This paper from National Bureau of Economic Research identifies industries those are engage in outsourcing and the degree to which their outsourcing needs are met by offshore suppliers. This paper explains the treatment of imported services in BEA�s international, national, and industry accounts; Describing BEA�s new framework for measuring purchased services in the industry accounts, including the role of the integrated industry accounts; Identifying the growth of purchased services as an intermediate input and the effect of imports on that growth; and Describing research that uses BEA company data to improve the estimates of imported purchased services by industry.


Whitepaper: A Risk Management Approach To Emerging Market's Sovereign Debt Sustainability

by National Bureau of Economic ResearchJan 01, 2008

This paper published by National Bureau of Economic Research studies the question of debt sustainability from a risk management perspective. The debt accumulation equation for any country involves variables that are stochastic and closely intertwined. When these aspects are taken into consideration the notion of debt sustainability is expanded to studying the stochastic properties of the debt dynamics. The paper illustrates the methodology by studying the Brazilian case. Furthermore, it is shown that properties of the debt dynamics are closely related to the spreads on sovereign dollar denominated debt.