IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/32847.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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.

Suggested Citation

  • Turner, Chad & Tamura, Robert & Schoellman, Todd & Mulholland, Sean, 2011. "Estimating Physical Capital and Land for States and Sectors of the United States, 1850-2000," MPRA Paper 32847, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:32847
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/32847/1/MPRA_paper_32847.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. German Cubas, 2010. "Accounting for Cross-Country Income Differences with Public Capital," Documentos de Trabajo (working papers) 3410, Department of Economics - dECON.
    2. repec:ucp:bknber:9780226304557 is not listed on IDEAS
    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(1), pages 59-94, March.
    4. 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.
    5. 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.
    6. 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.
    7. Alvin S. Tostlebe, 1954. "The Growth of Physical Capital in Agriculture, 1870-1950," NBER Books, National Bureau of Economic Research, Inc, number tost54-1, March.
    8. 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, March.
    9. Chad Turner & Robert Tamura & Sean Mulholland, 2013. "How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States, 1840–2000?," Journal of Economic Growth, Springer, vol. 18(4), pages 319-371, December.
    10. Simon Kuznets & Elizabeth Jenks, 1961. "Capital in the American Economy: Its Formation and Financing," NBER Books, National Bureau of Economic Research, Inc, number kuzn61-1, March.
    11. 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.
    12. 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.
    13. 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.
    14. David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-361, May.
    15. Simon Kuznets & Elizabeth Jenks, 1961. "Appendices and Index, "Capital in the American Economy: Its Formation and Financing"," NBER Chapters, in: Capital in the American Economy: Its Formation and Financing, pages 465-664, National Bureau of Economic Research, Inc.
    16. Ray Hurley, 1962. "Census Concepts: Past, Present, and Future," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(2), pages 616-621.
    17. Robert J. Gordon, 1990. "The Measurement of Durable Goods Prices," NBER Books, National Bureau of Economic Research, Inc, number gord90-1, March.
    18. Robert E. Gallman, 1986. "The United States Capital Stock in the Nineteenth Century," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 165-214, National Bureau of Economic Research, Inc.
    19. Stanley L. Engerman & Robert E. Gallman, 1986. "Long-Term Factors in American Economic Growth," NBER Books, National Bureau of Economic Research, Inc, number enge86-1, March.
    20. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
    21. Ralph H. Hess, 1912. "The Beginnings of Irrigation in the United States," Journal of Political Economy, University of Chicago Press, vol. 20(8), pages 807-807.
    22. 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(2), pages 500-520, June.
    23. 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.
    24. Simon Kuznets & Lillian Epstein & Elizabeth Jenks, 1946. "National Product since 1869," NBER Books, National Bureau of Economic Research, Inc, number kuzn46-1, March.
    25. H. E. Selby, 1949. "The Importance of Irrigation in the Economy of the West," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4_Part_2), pages 955-964.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Moshe Hazan & David Weiss & Hosny Zoabi, 2019. "Women's Liberation as a Financial Innovation," Journal of Finance, American Finance Association, vol. 74(6), pages 2915-2956, December.
    2. Chad Turner & Robert Tamura & Sean Mulholland, 2013. "How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States, 1840–2000?," Journal of Economic Growth, Springer, vol. 18(4), pages 319-371, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chad Turner & Robert Tamura & Sean Mulholland, 2013. "How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States, 1840–2000?," Journal of Economic Growth, Springer, vol. 18(4), pages 319-371, December.
    2. Andreas Hornstein, 2004. "(Un)balanced growth," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 90(Fall), pages 25-45.
    3. Barry Eichengreen, 2015. "Secular Stagnation: The Long View," American Economic Review, American Economic Association, vol. 105(5), pages 66-70, May.
    4. Robert E. Gallman, 1986. "The United States Capital Stock in the Nineteenth Century," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 165-214, National Bureau of Economic Research, Inc.
    5. Stephen D. Oliner & Daniel E. Sichel, 1994. "Computers and Output Growth Revisited: How Big Is the Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 273-334.
    6. Albert Ando, 1964. "An Empirical Model of United States Economic Growth: An Exploratory Study in Applied Capital Theory," NBER Chapters, in: Models of Income Determination, pages 327-379, National Bureau of Economic Research, Inc.
    7. John Lintner, 1972. "Finance and Capital Markets," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 2, Finance and Capital Markets, pages 1-53, National Bureau of Economic Research, Inc.
    8. Bibhudutta Panda, 2017. "Schooling and productivity growth: evidence from a dual growth accounting application to U.S. states," Journal of Productivity Analysis, Springer, vol. 48(2), pages 193-221, December.
    9. Paul David & Gavin Wright, 1999. "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of Our Ignorance," Oxford Economic and Social History Working Papers _033, University of Oxford, Department of Economics.
    10. André A. Hofman, 2000. "The Economic Development of Latin America in the Twentieth Century," Books, Edward Elgar Publishing, number 1534.
    11. Robert J. Gordon, 2000. "Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth," NBER Working Papers 7752, National Bureau of Economic Research, Inc.
    12. Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2018. "The role of production factor quality and technology diffusion in twentieth-century productivity growth," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(1), pages 61-97, January.
    13. Azeredo, Francisco, 2007. "The Equity Premium: A Deeper Puzzle," University of California at Santa Barbara, Economics Working Paper Series qt6ks5p6v5, Department of Economics, UC Santa Barbara.
    14. Michał Jerzmanowski, 2017. "Finance and sources of growth: evidence from the U.S. states," Journal of Economic Growth, Springer, vol. 22(1), pages 97-122, March.
    15. Robert W. Fogel, 2008. "The Impact of the Asian Miracle on the Theory of Economic Growth," NBER Chapters, in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 311-354, National Bureau of Economic Research, Inc.
    16. Dezhbakhsh, Hashem & Levy, Daniel, 1994. "Periodic properties of interpolated time series," Economics Letters, Elsevier, vol. 44(3), pages 221-228.
    17. Paul A. David & Gavin Wright, 1999. "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of "Our Ignorance"," Oxford University Economic and Social History Series _033, Economics Group, Nuffield College, University of Oxford.
    18. Claudia Goldin & Lawrence F. Katz, 1998. "The Origins of Technology-Skill Complementarity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 693-732.
    19. Eric W. Zitzewitz, 2003. "Competition and Long–run Productivity Growth in the UK and US Tobacco Industries, 1879–1939," Journal of Industrial Economics, Wiley Blackwell, vol. 51(1), pages 1-33, March.
    20. Gordon, Robert J., 2000. "Interpreting the 'One Big Wave' in US Long-Term Productivity Growth," CEPR Discussion Papers 2608, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    state physical capital; state land; farming; land; non-manufacturing; non-farming;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:32847. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.