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Estimating Physical Capital and Land for States and Sectors of the United States, 1850-2000

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Author Info

  • Turner, Chad
  • Tamura, Robert
  • Schoellman, Todd
  • Mulholland, Sean

Abstract

This paper introduces new estimates of physical capital and land for the states of the United States covering up to 150 years, from 1850{2000. The estimates of physical capital are decomposed into estimates for agriculture, manufacturing, and a residual sector, while the estimates of land are for agriculture only. The paper describes the data sources and methodology used to generate the estimates. It provides sensitivity analysis when alternative choices are possible and comparison to alternative bench-marks when available.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32847.

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Date of creation: 24 Jun 2011
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Handle: RePEc:pra:mprapa:32847

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Keywords: state physical capital; state land; farming; land; non-manufacturing; non-farming;

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References

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  1. Daniel Creamer & Sergei Dobrovolsky & Israel Borenstein, 1960. "Capital in Manufacturing and Mining: Its Formation and Financing," NBER Books, National Bureau of Economic Research, Inc, number crea60-1.
  2. Turner, Chad & Tamura, Robert & Mulholland, Sean, 2008. "How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States: 1840-2000?," MPRA Paper 7715, University Library of Munich, Germany.
  3. Collins, William J. & Williamson, Jeffrey G., 2001. "Capital-Goods Prices And Investment, 1870 1950," The Journal of Economic History, Cambridge University Press, vol. 61(01), pages 59-94, March.
  4. Simon Kuznets, 1960. "Introduction to "Capital in Manufacturing and Mining: Its Formation and Financing"," NBER Chapters, in: Capital in Manufacturing and Mining: Its Formation and Financing, pages -31 National Bureau of Economic Research, Inc.
  5. German Cubas, 2010. "Accounting for Cross-Country Income Differences with Public Capital," Documentos de Trabajo (working papers) 3410, Department of Economics - dECON.
  6. Alvin S. Tostlebe, 1954. "Introduction to "The Growth of Physical Capital in Agriculture, 1870-1950"," NBER Chapters, in: The Growth of Physical Capital in Agriculture, 1870-1950, pages 1-15 National Bureau of Economic Research, Inc.
  7. Ralph H. Hess, 1912. "The Beginnings of Irrigation in the United States," Journal of Political Economy, University of Chicago Press, vol. 20, pages 807.
  8. Higgs, Robert, 2004. "Wartime Socialization of Investment: A Reassessment of U.S. Capital Formation in the 1940s," The Journal of Economic History, Cambridge University Press, vol. 64(02), pages 500-520, June.
  9. Gasper A. Garofalo & Steven Yamarik, 2002. "Regional Convergence: Evidence From A New State-By-State Capital Stock Series," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 316-323, May.
  10. Akos Valentinyi & Berthold Herrendorf, 2008. "Measuring Factor Income Shares at the Sector Level," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 820-835, October.
  11. Simon Kuznets & Lillian Epstein & Elizabeth Jenks, 1946. "National Product Since 1869," NBER Books, National Bureau of Economic Research, Inc, number kuzn46-1.
  12. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
  13. Daniel Creamer & Sergei P. Dobrovolsky & Israel Borenstein & Martin Bernstein, 1960. "Index to "Capital in Manufacturing and Mining: Its Formation and Financing"," NBER Chapters, in: Capital in Manufacturing and Mining: Its Formation and Financing, pages 341-344 National Bureau of Economic Research, Inc.
  14. Gordon, Robert J., 1990. "The Measurement of Durable Goods Prices," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226304557.
  15. Stanley L. Engerman & Robert E. Gallman, 1986. "Introduction to "Long-Term Factors in American Economic Growth"," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 1-6 National Bureau of Economic Research, Inc.
  16. Ransom, Roger & Sutch, Richard, 1975. "The impact of the Civil War and of emancipation on Southern agriculture," Explorations in Economic History, Elsevier, vol. 12(1), pages 1-28, January.
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Cited by:
  1. Todd Schoellman & Sean Mulholland & Robert Tamura & Chad Turner, 2010. "How Important are Human Capital, Physical Capital and Total Factor Productivity for Determining State Economic Growth in the United States, 1840-2000," 2010 Meeting Papers 839, Society for Economic Dynamics.

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