Release: NBER Macrohistory Database
This Series Was Derived By Subtracting Depreciation From "Gross Public Construction, Excluding Military," Current Dollars, Series 02151. The Depreciation Figures Were Derived As The Sum Of Separate Estimates For Sewer And Highway Construction, On The One Hand, And All Other Government Nonmilitary Construction On The Other. The Life For Sewers And Highways Was Assumed To Be Twenty-Five Years, And All Other Government Construction, Fifty Years. Depreciation In Current Prices Was Derived By Multiplying The Depreciation Series In 1929 Prices By The Price Index Calculated For The Given Type Of Construction, Described In The Notes To Kuznets, Table R-30. For Further Information See The Introductory Documentation, The Source Work Cited Above, And Lipsey & Preston, P. 254. Source: Simon Kuznets, "Capital In The American Economy: Its Formation And Financing, " (Princeton University Press For NBER, 1961)
This NBER data series a02213 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.
NBER Indicator: a02213
National Bureau of Economic Research, Net Public Construction, Excluding Military for United States [A02213USA398NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A02213USA398NNBR, January 25, 2020.