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State‐level capital and investment: Refinements and update
Author(s) -
ElShagi Makram,
Yamarik Steven
Publication year - 2019
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/grow.12332
Subject(s) - depreciation (economics) , investment (military) , stock (firearms) , capital investment , capital (architecture) , finance , fixed capital , economics , private capital , consumption of fixed capital , reliability (semiconductor) , econometrics , business , capital formation , macroeconomics , financial capital , foreign direct investment , engineering , microeconomics , geography , profit (economics) , mechanical engineering , archaeology , politics , political science , law , power (physics) , physics , quantum mechanics
This paper presents updated estimates for state‐level private capital and investment for 1950–2015. We improve upon the procedure of Garofalo and Yamarik (2002) and Yamarik (2013) using quantity measures to apportion the mining capital stock and a geometric pattern of depreciation to derive investment data. We provide a brief overview of our new estimates, discuss their reliability, and present the website where the data are posted and updated annually.