Estimates of the Aggregate Quarterly Capital Stock for the Post-War U.S. Economy

Daniel Levy () and Haiwei Chen

EconStor Open Access Articles and Book Chapters, 1994, vol. 40, issue 3, 317-349

Abstract: We construct quarterly aggregate gross and net capital stock series for the post‐war U.S. economy using annual capital stock, capital depreciation, and capital discard figures along with quarterly investment series. We construct nominal and real measures of all three categories in the aggregate capital stock: consumer durable goods, producer durable goods, and business structures. In constructing the nominal series we take into account the changes in capital goods' prices. The series are constructed using four different methods. Using time‐ and frequency‐domain techniques, we compare the constructed series and characterize their short‐run, business cycle, and long‐run cyclical properties. We find that the constructed series exhibit very different cyclical and shock persistence dynamics. Practial implications are discussed.

Keywords: Capital Stock; Consumer Durable Goods; Producer Durable Goods; Business Structures; Capital Depreciation and Discard; Capital Goods Prices; Frequency Domain; Cyclical Behavior; Linear Interpolation; Numerical Iteration (search for similar items in EconPapers)
JEL-codes: C82 E22 E32 (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/206711/1/RIW%20-%20Forthcoming.pdf (application/pdf)

Related works:
Working Paper: Estimates of the Aggregate Quarterly Capital Stock for the Post- War U.S. Economy (2005)
Journal Article: ESTIMATES OF THE AGGREGATE QUARTERLY CAPITAL STOCK FOR THE POST‐WAR U.S. ECONOMY (1994)
Working Paper: ESTIMATES OF THE AGGREGATE QUARTERLY CAPITAL STOCK FOR THE POST-WAR U.S. ECONOMY (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:206711

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().