Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Millions of Current Dollars, Not Seasonally Adjusted

Frequency:  Annual

Series Was Derived By Subtracting Depreciation And Depletion From The Gross Kuznets Series "Gross Private Construction, Excluding Nonfarm Residential" (Current Dollars And Constant Dollars). The Constant (1929) Dollar Figures Were Calculated As Follows: 1889-1918: Annual Depreciation And Depletion Figures Were Derived By Interpolation And Extrapolation From Decade Estimates Calculated From Wealth Data In Kuznets, "National Product Since 1869." For Details See Notes To Kuznets,"Capital In The American Economy," Table R-17, P. 531. 1919-1955: (1) The Dept. Of Commerce Series For Depreciation On An Original-Cost Basis, Published In "National Income, 1954 Edition, Table 4, And Survey Of Current Business," (Dept. Of Comm.), July 1956, Table 4, Were Extended Back To 1919 By Fabricant'S Series (Solomon Fabricant,"Capital Consumption And Adjustment," New York, NBER, 1938) And Deflated By Fabricant'S Price Index, Extended To 1955 By Kuznets. For Further Description See Kuznets,"Capital In The American Economy," Table R-8, P. 501. (2) Depletion Was Estimated As 8 Per Cent Of Depreciation (See Ibid). Current Dollar Figures Were Calculated As Follows: The Depreciation Series In 1929 Prices Was Multiplied By The Appropriate Price Index Described In Kuznets,"Capital In The American Economy," Table R-31, Col. 4. Source: Simon Kuznets, "Capital In The American Economy: Its Formation & Financing, " (Princeton University Press For NBER, 1961) Table R-32, Pp. 592-95

This NBER data series a02211 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.

NBER Indicator: a02211