OVERVIEW These two diskettes contain BEA's estimates of gross state product (GSP) by industry for 1977 to 1994. The estimates were prepared by the GSP by Industry Branch, a part of BEA's Regional Economic Analysis Division. Disk 1 contains a Windows-version data retrieval program, along with some required Windows support files. Disk 2 contains the data and a names file, stored in highly compressed form within the file GSPZIP94.EXE. The retrieval program will let you access the GSP data (stored here in a binary random access file), and allow you to write whatever data you select to an ASCII text file for further analysis with other computer applications such as spreadsheet or database software. The retrieval program is called GSPWIN94.EXE, and must be installed by running the program SETUP.EXE (stored on Disk 1) from within Windows. SETUP will automatically expand the compressed files. You may choose to name the destination directory whatever you like, but all program and data files must be installed into the same directory. Before beginning any data or program installation, you should make working copies of these diskettes and put the originals aside as backups. Refer to any standard DOS or Windows manual for information on how to make disk copies. CONTENTS OF DISKETTES (Not including Windows setup files) ----------------------------------------------------------------------------- File name Description File size (Kilobytes) ----------------------------------------------------------------------------- README.DOC Brief overview and instructions 4 K GSPWIN94.EXE Windows retrieval program 58 K GSPWIN94.HLP Help file accessed by GSPWIN94.EXE 88 K GSPZIP94.EXE Self-extracting file containing: 1159 K GSPWIN94.RAN Random-access data file 2560 K GSPNAM94.TXT Data item names 3 K ----------------------------------------------------------------------------- ABOUT THE GROSS STATE PRODUCT ESTIMATES GSP for a State is derived as the sum of gross state product originating in all industries in the State. In concept, an industry's GSP, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other industries or imported). As such, it is often referred to as the State counterpart of the Nation's gross domestic product (GDP) . In practice, GSP estimates are measured as the sum of distributions by industry of the components of gross domestic income -- that is, the sum of the costs incurred (such as compensation of employees, net interest, and indirect business taxes) and the profits earned in production. The difference between GDP and gross domestic income is the statistical discrepancy. BEA prepares GSP estimates for 63 industries. For each industry, GSP is composed of three components: Compensation of employees Indirect business tax and nontax liability (IBT) Other GSP All three of these component estimates are contained on these diskettes, in current dollars, along with total current-dollar GSP. These diskettes also contain estimates of real GSP, expressed as chain-weighted quantity indexes, chain-weighted 1992 dollars (1982-1994), and fixed-weighted 1992 constant dollars.