| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2131 |
| 来源ID | Working Paper 2131 |
| New Estimates of State and Local Government Tangible Capital and Net Investment | |
| Michael J. Boskin; Marc S. Robinson; Alan M. Huber | |
| 发表日期 | 1987 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | Measures of the state and local government capital stock and investment are necessary inputs into several areas of economic analysis, including the measurement of national wealth and its growth. We estimate net investment and depreciation of state and local government nonresidential capital. In aggregate, we estimate a net state and local nonresidential capital stock of $1.8 trillion in 1985, 17% larger than that estimated by the Bureau of Economic Analysis. Net state and local government investment has exceeded the state and local deficit annually for the last forty-five years. While the fraction of state and local purchase of goods and services devoted to net investment has fallen, it has exceeded federal government net capital formation except during defense buildups and has averaged more than 40% of private fixed nonresidential net investment since 1951. Similar comparisons reveal that the state and local government net capital stock substantially exceeds state and local debt, and is about twice the federal government capital stock. |
| 主题 | Macroeconomics ; Econometrics |
| URL | https://www.nber.org/papers/w2131 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559385 |
| 推荐引用方式 GB/T 7714 | Michael J. Boskin,Marc S. Robinson,Alan M. Huber. New Estimates of State and Local Government Tangible Capital and Net Investment. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2131.pdf（353KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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