Improved estimates of fixed reproducible tangible wealth, 1929-95
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1997-05-01
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NTL Classification:NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE;NTL-ECONOMICS AND FINANCE-Economic Impacts;NTL-REFERENCES AND DIRECTORIES-Statistics;
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Abstract:This article presents revised estimates of the value of fixed reproducible tangible wealth in the United States for 1929–95; these estimates incorporate the definitional and statistical
improvements introduced in last year’s comprehensive revision of the national income and product accounts (NIPA’s).1 The most important of these improvements in the wealth estimates, which cover the stock of privately owned and government owned equipment and structures and durable goods owned by consumers, is the use of an improved methodology for calculating depreciation.
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