Senior Advisor and Research Director, Economics Program
Carol Corrado is senior advisor and research director in economics at The Conference Board. Her primary focus is measuring intangible capital and studying innovation and economic growth.
She also works with The Conference Board China Center for Economics and Business on measuring and analyzing industrial capacity utilization in China. In addition, Corrado is a senior fellow of the Georgetown University Center for Business and Public Policy, a member of the executive committee of the National Bureau of Economic Research’s (NBER) Conference on Research on Income and Wealth, and an organizer of a workshop on economic measurement at the NBER’s annual Summer Institute.
Corrado has authored key papers on the macroeconomic analysis of intangible investment and capital, including one that won the International Association of Research on Income and Wealth’s 2010 Kendrick Prize (“Intangible Capital and U.S.Economic Growth”) and one that appears in Measuring Capital in the New Economy (University of Chicago Press, 2005), a volume she co-edited. Her research on intangibles and innovation has been cited in the popular press, including Business Week, The Economist, and The New York Times.
Since joining The Conference Board in 2008, Corrado has received two grants from the National Science Foundation. Previously, she was chief of the industrial output section at the Federal Reserve Board. In that position, she managed a research program that studied the drivers of productivity and technical change as well as worked to improve the measurement of information and communications technology prices, industrial production, and capacity utilization.
Corrado received the American Statistical Association’s prestigious Julius Shiskin Award for Economic Statistics in 2003 in recognition of her leadership in these areas and received a Special Achievement Award from the Board of Governors of the Federal Reserve System in 1998. She holds a PhD in economics from the University of Pennsylvania and a BS in management science from Carnegie-Mellon University.
Publications by Carol CorradoEconomics Program Working Paper Series
Intangible Capital and Growth in Advanced Economies: Measurement Methods and Comparative Results
13 December, 2012
13 December, 2012
Constructing a Price Deflator for R&D: Calculating the Price of Knowledge Investments as a Residual
28 October, 2011
Communication Capital, Metcalfe’s Law, and U.S. Productivity Growth
31 March, 2011
- "How do you Measure a ‘Technological Revolution’?" with Charles R. Hulten. American Economic Review 100:5 (May 2010), 99-104.
- "Measuring intangible capital and its contribution to economic growth in Europe" with Bart van Ark, Janet X. Hao, Carol Corrado & Charles Hulten. European Investment Bank Papers 14:1 (December 2009), 62-93.
- "Intangible Capital and U.S. Economic Growth"with Charles Hulten and Dan Sichel. Review of Income and Wealth 55: 3 (September 2009), 661-685.
- "Macroeconomic Implications of Intangible Assets" In Intangible Assets: Measuring and Enhancing their Contribution to Corporate Value and Economic Growth, A workshop summary, Christopher Mackie, rapporteur, 21-25. Washington, D.C.: The National Academies Press (2009).
- "The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000" with Paul Lengermann and Larry Slifman. In International Trade in Services, M. Reinsdorf and M. Slaughter, eds., 331-360. Chicago: The University of Chicago Press (2009).