README File for the estimates of fixed reproducible tangible
wealth in the Unites States, 1925-97 (README.DOC).
This CD-ROM contains estimates that will be published in FIXED
REPRODUCIBLE
TANGIBLE WEALTH IN THE UNITED STATES, 1925-94 (forthcoming) and
unpublished
detailed estimates by industry and by type of equipment or structure.
NOTE: The Bureau of Economic Analysis (BEA) does not publish these
detailed
estimates in the SURVEY OF CURRENT BUSINESS or in the FIXED REPRODUCIBLE
TANGIBLE WEALTH IN THE UNITED STATES volume because they are less
reliable
than the higher level aggregates in which they are included. Compared to
these aggregates, the more detailed estimates are more likely to be based
on
judgmental trends, on trends in the higher level aggregate, or on less
reliable source data.
METHODOLOGY: The CD-ROM contains several files providing information
about the
methodology used to prepare the tangible wealth estimates. Introductory
and
definitional information is provided in the text file INTRO.DOC; the
article,
"Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95," by
Arnold
J. Katz and Shelby W. Herman (SURVEY OF CURRENT BUSINESS, May 1997, pp.
69-92)
describes the new methodology used to prepare the estimates; and another
article, "The Measurement of Depreciation in the U.S. National Income and
Product Accounts," by Barbara M. Fraumeni (SURVEY OF CURRENT BUSINESS,
July
1997, pp. 7-23) describes the theoretical and empirical literature that
supports the BEA methodology. Both of these articles are included on
this CDROM and may be accessed via the Adobe Acrobat Reader. Two spreadsheet
files
provide the following additional methodological information: (1) source
data
used to prepare the industry stock estimates, and (2) the depreciation
schedule for autos, computers, and computer peripherals.
RELEASE DATE: May 1998.
TIME PERIOD COVERED by these files:
Net Stocks: 1925-97; 1947-97 for industry tables
Depreciation: 1925-97; 1947-97 for industry tables
Investment: 1901-97; 1947-97 for industry tables
Average Age: 1901-97; 1947-97 for industry tables
PERIODICITY OF ESTIMATES: Annual; yearend estimates for net stocks.
THE UNIT OF MEASURE for current-cost and historical-cost estimates
is millions of dollars. Chain-type quantity indexes have 1992 as
their base year (1992=100) and are reported in the general format
999.99. The decimal point is included in the data field. Real
estimates in data file TW1C.XLS are in millions of chained (1992)
dollars.
Detailed real estimates by industry and by type of equipment are
are presented in real-cost valuations (1992 dollars).
FREQUENCY OF RELEASE (or revision): Annually. Net stock estimates for
1998
and revised net stock estimates for 1925-1997 will appear in the SURVEY
OF
CURRENT BUSINESS in early 2000. An updated CD-ROM will be available in
the
spring of 2000.
MAJOR CHANGES in coverage, definition, or methodology since the
preceding release: See the articles cited above.
COPYRIGHTED DATA contained in these files: None.
CONTACTS FOR CD-ROM USERS:
If you would like to change the address or addressee for
subsequent CD-ROMs:
Public Information Office
(202) 606-9666
If you have comments or questions about the capital stock and
wealth accounts:
Michael Glenn
(202) 606-9718
If you have questions or comments about the use of this CD-ROM:
Kurt Kunze
(202) 606-9748
Send written comments or questions to:
National Income and Wealth Division BE-54
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, DC 20230
DESCRIPTION OF FILES:
The tangible wealth CD-ROM contains two installation files (ACROBAT3.EXE
and
XLVIEWER.EXE), five documentation files (README.DOC, OUTLINE.DOC,
ACROBAT.DOC,
XLVIEWER.DOC, and ERRATA.DOC), an introductory and definitions file
(INTRO.DOC), and two directories (PDF and XLS). ACROBAT3.EXE and
XLVIEWER.EXE
are executable files for installing Adobe Acrobat Reader version 3.01 and
Excel Viewer 97. README.DOC is this documentation file. OUTLINE.DOC is
an
ASCII text file that contains table outlines for each of the data files
described below. ACROBAT.DOC is an ASCII text file containing additional
information about the Adobe Acrobat Reader. XLVIEWER.DOC is an ASCII
text
file containing additional information about Excel Viewer 97. INTRO.DOC
is an
ASCII text file containing introductory and definitional information
about the
tangible wealth estimates. ERRATA.DOC is an ASCII text file describing
series
with corrected estimates in years prior to 1995.
The PDF directory contains two .PDF format files. ARTICLE1.PDF contains
the
article "Improved Estimates of Fixed Reproducible Tangible Wealth, 192995,"
by Arnold J. Katz and Shelby W. Herman. ARTICLE2.PDF contains the
article
"The Measurement of Depreciation in the U.S. National Income and Product
Accounts," by Barbara M. Fraumeni.
The XLS directory contains 46 spreadsheets in .XLS format. TABLEA.XLS
contains a table showing the source data that underlie the capital stock
estimates. TABLEB.XLS contains tables showing depreciation schedules for
autos, computers, and computer peripherals. The remaining 44 files
contain
capital stock, depreciation, and average age estimates. The names of the
data
files and corresponding table titles are as follows:
Data file: TW1A.XLS
Fixed Reproducible Tangible Wealth
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW1C.XLS
Fixed Reproducible Tangible Wealth
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW1D.XLS
Fixed Reproducible Tangible Wealth
Real Net Stock, Depreciation, and Investment, 1959-97, Chained
(1992) Dollars
Data file: TW2A.XLS
Fixed Private Capital, Equipment and Structures, by Type
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW2B.XLS
Fixed Private Capital, Equipment and Structures, by Type
Net Stock, Depreciation, and Average Age, 1925-97, Historical-Cost
Data file: TW2C.XLS
Fixed Private Capital, Equipment and Structures, by Type
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW3AES.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment and Structures
Net Stock, Depreciation, and Average Age, 1947-97, Current-Cost
and Quantity Indexes
Data file: TW3BES.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment and Structures
Net Stock, Depreciation, and Average Age, 1947-97, Historical-Cost
Data file: TW3CES.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment and Structures
Investment, 1947-97, Historical-Cost and Quantity Indexes
Data file: TW3AE.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment
Net Stock, Depreciation, and Average Age, 1947-97, Current-Cost
and Quantity Indexes
Data file: TW3BE.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment
Net Stock, Depreciation, and Average Age, 1947-97, Historical-Cost
Data file: TW3CE.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Equipment
Investment, 1947-97, Historical-Cost and Quantity Indexes
Data file: TW3AS.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Structures
Net Stock, Depreciation, and Average Age, 1947-97, Current-Cost
and Quantity Indexes
Data file: TW3BS.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Structures
Net Stock, Depreciation, and Average Age, 1947-97, Historical-Cost
Data file: TW3CS.XLS
Fixed Private Capital, Nonresidential and Residential, by
Industry, Structures
Investment, 1947-97, Historical-Cost and Quantity Indexes
Data file: TW4A.XLS
Fixed Nonresidential Private Capital, by Industry Group and Legal
Form of Organization
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW4B.XLS
Fixed Nonresidential Private Capital, by Industry Group and Legal
Form of Organization
Net Stock, Depreciation, and Average Age, 1925-97, Historical-Cost
Data file: TW4C.XLS
Fixed Nonresidential Private Capital, by Industry Group and Legal
Form of Organization
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW5A.XLS
Residential Capital, by Type of Owner, Legal Form of Organization,
and Tenure Group
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW5B.XLS
Residential Capital, by Type of Owner, Legal Form of Organization,
and Tenure Group
Net Stock, Depreciation, and Average Age, 1925-97, Historical-Cost
Data file: TW5C.XLS
Residential Capital, by Type of Owner, Legal Form of Organization,
and Tenure Group
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW6A.XLS
Fixed Private Capital, by Legal Form of Organization and Industry
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW6B.XLS
Fixed Private Capital, by Legal Form of Organization and Industry
Net Stock, Depreciation, and Average Age, 1925-97, Historical-Cost
Data file: TW6C.XLS
Fixed Private Capital, by Legal Form of Organization and Industry
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW7A.XLS
Fixed Government Capital
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW7AAD.XLS
Fixed Government Capital (Addenda)
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW7C.XLS
Fixed Government Capital
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW7CAD.XLS
Fixed Government Capital (Addenda)
Investment, 1901-97, Historical-Cost and Quantity Indexes
Data file: TW8A.XLS
Durable Goods Owned by Consumers, by Type
Net Stock, Depreciation, and Average Age, 1925-97, Current-Cost
and Quantity Indexes
Data file: TW8C.XLS
Durable Goods Owned by Consumers, by Type
Investment, 1914-97, Historical-Cost and Quantity Indexes
Detailed estimates by industry and by type of equipment or structure
NOTE: The Bureau of Economic Analysis (BEA) does not publish these
detailed
estimates in the SURVEY OF CURRENT BUSINESS or in the FIXED REPRODUCIBLE
TANGIBLE WEALTH IN THE UNITED STATES volume because they are less
reliable
than the higher level aggregates in which they are included. Compared to
these aggregates, the more detailed estimates are more likely to be based
on
judgmental trends, on trends in the higher level aggregate, or on less
reliable source data.
Data file: DNSTK1.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Net Stocks, Current-Cost, 1947-97
Data file: DNSTK2.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Net Stocks, Real-Cost Valuation (1992 Dollars), 1947-97
Data file: DNAGE1.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Average Age, Current-Cost, 1947-97
Data file: DNDEP1.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Depreciation, Current-Cost, 1947-97
Data file: DNDEP2.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Depreciation, Real-Cost Valuation (1992 Dollars), 1947-97
Data file: DNINV2.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Investment, Real-Cost Valuation (1992 Dollars), 1901-97
Data file: DNINV3.XLS
Fixed Nonresidential Private Capital, by Industry and by Type of
Equipment or Structure
Investment, Historical-Cost, 1901-97
Data file: DRSTK1.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Net Stocks, Current-Cost, 1925-97
Data file: DRSTK2.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Net Stocks, Real-Cost Valuation (1992 Dollars), 1925-97
Data file: DRAGE1.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Average Age, Current-Cost, 1925-97
Data file: DRDEP1.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Depreciation, Current-Cost, 1925-97
Data file: DRDEP2.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Depreciation, Real-Cost Valuation (1992 Dollars), 1925-97
Data file: DRINV2.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Investment, Real-Cost Valuation (1992 Dollars), 1901-97
Data file: DRINV3.XLS
Private Residential Capital, by Industry and by Type of Equipment
or Structure
Investment, Historical-Cost, 1901-97
As mentioned above, the data files are XLS spreadsheet files. The
spreadsheets have several columns providing information about
series codes, types of valuation, asset category, followed by data
columns. The estimates for a given series is shown in one row.
Data descriptions are indented as they are in the table outlines
shown in OUTLINE.DOC.