Dataset: Technological Progress Specific to Investment

Definition of data variables

Real output = LN(Gross Domestic Product/ PCE Deflator/ Population) * 100
Real consumption = LN((Personal Consumption Expenditures/ PCE Deflator) / Population) * 100
Real investment = LN((Private Non-Residential Investment/ PCE Deflator) / Population) * 100
Hours worked = LN((Average Weekly Hours * Employment/ 100)/ Population) * 100
Inflation = LN(PCE Deflator / PCE Deflator (-1) ) * 100
Real wage = LN(Hourly Compensation / PCE Deflator) * 100
Policy interest rate = Federal Funds Rate / 4
Relative price of investment = -1 * LN(Price Index of Private Non-Residential Investment/ PCE Deflator) *100

Source of the original data

Gross Domestic Product: Gross Domestic Product, Table 1.1.5. Gross Domestic Product, NIPA
Source: U.S. Bureau of Economic Analysis

Personal Consumption Expenditures: Personal Consumption Expenditures, Table 1.1.5. Gross Domestic Product, NIPA
Source: U.S. Bureau of Economic Analysis

Private Non-Residential Investment: Private Non-Residential Investment, Table 1.1.5 Gross Domestic Product, NIPA
Source: U.S. Bureau of Economic Analysis

PCE Deflator: Personal Consumption Expenditures, Table 1.1.9. Implicit Price Deflator for Gross Domestic Product
Source: U.S. Bureau of Economic Analysis

Price Index of Private Non-Residential Investment: Private Non-Residential Capital Formation, Deflator (PIB), OECD Economic Outlook Database
Source: Organisation for Economic Co-Operation and Development

Population: Population level, Civilian Noninstitutional Population, 16 Years and Over, Labor Force Statistics from the Current Population Survey, Series ID = LNS10000000
Source: U.S. Bureau of Labor Statistics

(Period: 1947 – 1975)
Population: Population level, Civilian Noninstitutional Population, 16 Years and Over, Labor Force Statistics from the Current Population Survey, Series ID = LNU00000000
Source: U.S. Bureau of Labor Statistics

Employment: Employment level, Employed, 16 Years and Over, All Industries, All Occupations, Labor Force Statistics from the Current Population Survey, Series ID = LNS12000000
Source: U.S. Bureau of Labor Statistics

Average Weekly Hours: Average Weekly Hours, Major Sector Productivity and Costs, Nonfarm Business, Series ID = PRS85006023
Source : U.S. Bureau of Labor Statistics

Hourly Compensation: Hourly Compensation, Major Sector Productivity and Costs, Nonfarm Business, Series ID = PRS85006103
Source : U.S. Bureau of Labor Statistics

Federal Funds Rate: Averages of Monthly Figures - Percent
Source: Board of Governors of the Federal Reserve System

## 数据变量定义
实际产出 = 自然对数（Natural Logarithm，以下简称LN）(国内生产总值 / 个人消费支出（Personal Consumption Expenditures，以下简称PCE）平减指数 / 总人口) × 100
实际消费 = LN((个人消费支出 / PCE平减指数) / 总人口) × 100
实际投资 = LN((私人非住宅投资 / PCE平减指数) / 总人口) × 100
工作时长 = LN((周平均工时 × 就业人数 / 100) / 总人口) × 100
通货膨胀率 = LN(PCE平减指数 / 滞后一期PCE平减指数) × 100
实际工资 = LN(小时薪酬 / PCE平减指数) × 100
政策利率 = 联邦基金利率 / 4
投资品相对价格 = -1 × LN(私人非住宅投资价格指数 / PCE平减指数) × 100

## 原始数据来源
1. 国内生产总值：出自《国内生产总值》表1.1.5《国内生产总值》，国民收入与产品账户（National Income and Product Accounts，以下简称NIPA），来源：美国经济分析局（U.S. Bureau of Economic Analysis，以下简称BEA）
2. 个人消费支出：出自《国内生产总值》表1.1.5《国内生产总值》，国民收入与产品账户（NIPA），来源：美国经济分析局
3. 私人非住宅投资：出自《国内生产总值》表1.1.5《国内生产总值》，国民收入与产品账户（NIPA），来源：美国经济分析局
4. PCE平减指数：出自《国内生产总值隐含价格平减指数》表1.1.9，国民收入与产品账户（NIPA），来源：美国经济分析局
5. 私人非住宅投资价格指数：出自《私人非住宅资本形成平减指数（PIB）》，经合组织经济展望数据库，来源：经济合作与发展组织（Organisation for Economic Co-Operation and Development，以下简称OECD）
6. 人口水平：16岁及以上民用非制度性人口，出自当前人口调查劳动力统计数据，序列编号：LNS10000000，来源：美国劳工统计局（U.S. Bureau of Labor Statistics，以下简称BLS）
**数据时段：1947年—1975年**
人口水平：16岁及以上民用非制度性人口，出自当前人口调查劳动力统计数据，序列编号：LNU00000000，来源：美国劳工统计局
7. 就业水平：16岁及以上全行业全职业就业人数，出自当前人口调查劳动力统计数据，序列编号：LNS12000000，来源：美国劳工统计局
8. 周平均工时：非农商业部门主要部门生产率与成本统计，序列编号：PRS85006023，来源：美国劳工统计局
9. 小时薪酬：非农商业部门主要部门生产率与成本统计，序列编号：PRS85006103，来源：美国劳工统计局
10. 联邦基金利率：月度百分比平均值，来源：美国联邦储备委员会（Board of Governors of the Federal Reserve System）