The U.S. Capital Stock in the Nineteenth Century

Robert E. Gallman

No 1541, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper -- prepared for and presented at a meeting of the Conference on Research in Income and Wealth -- describes a set of seven capital stock estimates for the U.S., distributed at decennial intervals, 1840 through 1900.The estimates link with Raymond Goldsmith's work on the twentieth century to form a capital stock series covering well over 100 years of U.S. history. The paper describes the theoretical underpinnings of the new estimates, the sources of the evidence from which they were constructed, the types of estimating procedures followed, and the relationships of the new series to other economic aggregates. A few of the ways in which the series illuminates the nature of the nineteenth century U.S. economy and the course of U.S. economic development are taken up.

Date: 1985-01
Note: DAE
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as Gallman, Robert E. "The U.S. Capital Stock in the Nineteenth Century," Long-Term Factors in American Economic Growth, Income and Wealth Conference Volume 51, ed. by S.L. Engerman and R.E. Gallman. Chicago: UCP, 1986.

Downloads: (external link)
http://www.nber.org/papers/w1541.pdf (application/pdf)

Related works:
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:nbr:nberwo:1541

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w1541

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().