U.S. Industrial Production Index (1790-1915)
We here present the TECHNICAL DATA APPENDIX to Joseph H. Davis An Annual Index of U.S. Industrial Production, 1790-1915 Quarterly Journal of Economics (November 2004)
This appendix documents the underlying physical-volume series of the U.S. industrial production index presented in Davis (2004). Several modifications have been made to the previous Technical Data Appendix (Davis 2002b). An alphabetical inventory of the 43 index components is concisely presented in Table A1. Compilation details for certain series follow the table, and the relative strengths and weaknesses of the data are assessed.
Technical Appendixes B, C, and D separately address the locomotive, merchant shipbuilding, and pig iron series, respectively. Appendix E derives the value-added component weights of the new index. Taken together, the disclosure in the appendixes should permit a replication of the final index presented in Davis (2004).
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Last modified date: Wed, 27 Oct 2004 16:41:01 -0400