This dataset provides improved measures of total factor productivity for the U.S private domestic economy and a 35-industry breakdown. For the period 1929-1947 it includes detailed estimates for output, employment, hours worked, labor quality, capital stocks, labor services, capital services and two alternative estimates for total factor productivity.

AUTHORS: Gerben Bakker, Nicholas Crafts and Pieter Woltjer

Data

A 35-industry breakdown of the U.S. private domestic economy between 1929-1947. The dataset includes nominal value added (VA), real value added (VA_Qi), persons engaged (PEP), average hours of work (H_avg), labor quality (LQ), capital stocks (K_Qi), labor compensation (LAB), capital compensation (CAP), labor services (LAB_Qi), capital services (CAP_Qi) and total factor productivity (TFP).

file variables countries years # obs.
icn_excel hna_us_1929t47 va, emp, h, lq, k, tfp US 1929-1947 22,800

Sources and Methods

A detailed description of the sources and the steps taken to compile the data-set are provided in the PDF file below. The methods are compatible with the post-war growth accounts by the Bureau of Economic Analysis and the work of Dale Jorgenson.

file description
icn_pdf hna_us_sources Overview of sources and methods underlying data-set

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Cite

IMPORTANT: the data underlying ‘U.S. Historical National Accounts, 1929-1947‘ are freely available as long as the article below is cited appropriately:

Bakker, Gerben, Nicholas Crafts, and Pieter Woltjer. “A vision of the growth process in a technologically progressive economy: the United States, 1899-1941.” Centre for Economic Policy Research Discussion Paper 10995 (2015)

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