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Session 7: Input-Output and GDP-by-Industry

Skills Session 1: Gross Domestic Product 2: Measuring Employment 3: International Statistics and Balance of Payments 4: Prices - CPI and PPI 5: Data for Regional Analysis - RIMS 6: US Financial Accounts - Flow of Funds 7: Input-Output and GDP by Industry 8: Corporate Profits and Quarterly Financial Reports 9: Wholesale, Retail Trade, and Inventories 10: ECI, Average Hourly Earnings 11: Manufacturing and Construction Data 12: Production and Capacity Utilization Seminar Home

Session Downloads

The Input-Output Accounts - Edward Morgan

Using I-O and GDP by Industry - Margaret McCarthy

Session Links

BEA I-O Accounts

University of Maryland Inforum

Speakers

Jeffrey F. Werling, President – IERF, Inforum/Department of Economics, University of Maryland, moderator

Edward Morgan
Program Manager
Bureau of Economic Analysis

Edward Morgan has worked at the Bureau of Economic Analysis since 1990, and served as the Benchmark Input-Output Branch Chief from 2001 to 2003. He is currently the Program Manager of the Benchmark I-O Business Services Team. While at BEA he has worked on the 1987, 1992, 1997, and 2002 Benchmark Input Output Accounts.

He has a B.A. in Economics from Providence College in 1990, and received a J.D. from the University of Baltimore School of Law in 1997.

Margaret McCarthy
Faculty Research Assistant
Inforum/Department of Economics, University of Maryland

Margaret Buckler McCarthy is a Faculty Research Assistant in the Inforum Group in the Department of Economics at the University of Maryland. She is also Vice-President of the Interindustry Economic Research Fund, Inc., the corporation that handles funding for Inforum. She has held these positions since 1970.

At Inforum, her principal responsibilities are in the operation, application, and maintenance of LIFT, Inforum’s 97-sector interindustry-macroeconomic model of the United States. Other work at Inforum has included production and presentation of the group’s economic outlook at conferences of subscribers. She works frequently on consulting projects involving applications of input-output models and data. She has also been in charge of Inforum’s production of up-dated input-output tables for the United States. Her I-O updates involved the use of data from the economic censuses and annual surveys, from the Census Bureau’s trade statistics, the National Income and Product Accounts (NIPA), the benchmark Input-Output tables (and related workfiles), Gross Product by Industry, and other sources.

In addition to the use of I-O for forecasting, McCarthy has use I-O for policy simulations and other studies. Some examples are

• "The Asian Economic Crisis and the U.S. Economy: An Industry Perspective", with J. Werling, a report by Manufacturers Alliance, 1998. This report used Inforum’s LIFT model to estimate impacts on U.S. industries from changes in exports and imports connected with the Asian crisis. A summary is available on the Inforum web site.
• Requirements for U.S. Exports , prepared for the Commerce Department: Requirements, 1983-1994 (1996), and Requirements, 1983-1992 (1994). The 1996 results were the numerical basis of "U.S. Jobs Supported by Goods and Services Exports, 1983-1994", by Lester Davis, OIMA Research Series 1-96.
• Calculated I-O based estimates of the use of plastics, used in “The Definition, Size and Impacat of the U.S. Plastics Indusry”, a report by Fred Peterson of Probe Economics prepared for The Society of the Plastics Industry, Inc., 2001.
• Used the LIFT model to estimate the economic impacts of utility efficiency programs on the U.S. economy. See Edward Moscovitch, “DSM in the Broader Economy: The Economic Impacts of Utility Efficiency Programs”, The Electricity Journal, May 1994.

Born in 1945, she attended public schools in Prince Fredrick, Maryland. She entered the University of Maryland, where she received a B.A. degree in History in 1967 and an M.A. degree in Economics in 1970. She has been with the Inforum group continuously since then. Her mailing address is: Inforum, Dept. of Economics, Univ. of Maryland, College Park, MD 20742 and email is mccarthy@inforum.umd.edu.