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

Turner, Chad and Tamura, Robert and Schoellman, Todd and Mulholland, Sean (2011): Estimating Physical Capital and Land for States and Sectors of the United States, 1850-2000.

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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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