Release: NBER Macrohistory Database
Net Military Construction Is Derived By Subtracting Depreciation From Gross Military Construction. Kuznets' Gross Military Construction Series Is Taken From Bls-Dept. Of Commerce Figures. However, The Kuznets Series Adds An Extention Back To 1914 And Does Not Include The Latest Revisions In The Government Series. Kuznets Derived His 1914 Figure By Averaging The 1914 And 1915 Government Fiscal-Year Figures For Military And Naval Construction (Published In "Historical Statistics Of The U.S. 1789-1945,") To Obtain A Calendar-Year Figure. The Bls-Dept. Of Commerce Figures Kuznets Used Were Those Published In "Constructon Volume And Costs 1915-56," Table 3, P. 7. Depreciation Was Calculated Assuming A Twenty-Year Life. For Further Details, See Introductory Notes On Kuznets Series, The Source Work Cited Above, And Lipsey & Preston, Pp. 254-255. Source: Simon Kuznets, "Capital In The American Economy: Its Formation And Financing, " (Princeton University Press For NBER, 1961) Table R-32
This NBER data series a02215 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.
NBER Indicator: a02215
National Bureau of Economic Research, Net Military Construction for United States [A02215USA398NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A02215USA398NNBR, January 23, 2020.