Scott Harrison: The Capital Shortage Myth -- Appendix 1: U.S. Capital Investment Trends

Appendix 1: U.S. Capital Investment Trends, 1946-1975

The overall average percent change for 1946 to 1975 is +3.7%.

Note (1): These are the figures for "Non-residential Fixed Investment" rather than just for plant & machinery, in order to include investment in agriculture. Source: Economic Report of the President, Jan. 1976, Table B-9, p. 181.

Note (2): Implicit price deflator for GNP for non-residential fixed investment. Source: Same as above, Table B-3, p. 174.

Note (3): The figures for 1975 are preliminary.

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