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Table 3: Comparison of the Old and the Revised Jorgenson Data:
Ratios of Mean Values 1950-1989
Ind. Code VY VL VK VM PY PL PK PM Y L K M
1 1.029 1.126 0.871 1.049 0.958 0.987 1.108 0.979 1.074 1.143 0.795 1.071
2 1.012 1.001 1.050 1.002 1.050 1.075 0.911 0.988 0.964 0.931 1.155 1.014
3 1.056 1.075 0.945 1.122 1.037 1.086 1.349 0.996 1.019 0.994 0.699 1.127
4 1.225 1.123 1.242 1.268 1.169 1.060 1.031 0.978 1.052 1.059 1.208 1.297
5 0.996 0.892 0.883 1.158 0.941 1.112 1.142 1.006 1.059 0.803 0.783 1.152
6 0.949 1.032 0.953 0.899 1.002 0.995 1.108 1.002 0.948 1.037 0.860 0.897
7 0.982 0.991 1.014 0.976 0.997 1.003 0.912 0.970 0.985 0.989 1.112 1.006
8 0.962 1.015 0.973 0.931 0.814 1.031 1.300 0.893 1.193 0.985 0.762 1.042
9 1.243 0.940 0.994 1.371 1.028 0.991 1.007 1.013 1.210 0.949 0.988 1.354
10 0.834 0.815 0.934 0.837 0.919 0.996 1.165 0.998 0.909 0.819 0.803 0.838
11 1.060 1.168 0.617 1.115 1.000 1.055 0.630 0.991 1.059 1.106 0.976 1.126
12 1.007 0.995 0.981 1.020 0.970 1.008 1.156 1.003 1.039 0.988 0.852 1.017
13 1.004 1.008 0.999 1.004 0.994 1.043 1.142 0.999 1.010 0.966 0.877 1.004
14 1.000 1.030 0.985 0.983 1.007 0.991 1.108 0.993 0.992 1.039 0.890 0.990
15 1.002 0.973 0.984 0.940 0.984 1.045 1.061 0.995 1.019 0.932 0.931 0.945
16 0.953 1.000 1.000 1.007 0.971 1.000 1.000 1.037 0.982 1.000 1.000 0.972
17 1.081 1.050 1.044 1.107 0.998 1.022 1.095 0.994 1.084 1.027 0.953 1.115
18 0.981 0.967 1.083 0.980 0.919 1.034 0.917 0.983 1.070 0.935 1.180 0.998
19 0.911 0.953 0.951 0.875 0.992 1.023 1.168 0.995 0.918 0.931 0.817 0.879
20 1.139 0.938 0.980 1.224 1.011 1.041 0.959 1.005 1.127 0.901 1.022 1.218
21 0.828 0.843 0.909 0.805 0.995 1.018 1.095 1.001 0.832 0.829 0.831 0.804
22 1.023 1.000 1.009 1.043 0.919 1.027 1.301 0.982 1.119 0.974 0.776 1.062
23 0.929 0.871 0.974 0.960 1.003 0.991 1.052 0.998 0.926 0.880 0.927 0.962
24 1.009 1.013 1.136 0.992 0.932 1.047 0.776 0.979 1.088 0.968 1.460 1.015
25 0.936 0.952 0.939 0.926 0.936 1.047 1.168 0.980 1.001 0.909 0.806 0.944
26 1.170 1.225 1.555 1.065 0.977 1.014 1.304 0.999 1.198 1.208 1.192 1.066
27 1.016 1.014 0.981 1.022 0.929 1.027 1.181 1.029 1.094 0.987 0.832 0.993
28 1.047 1.053 0.992 1.061 1.033 1.006 0.948 1.002 1.013 1.046 1.048 1.059
29 1.017 0.998 1.033 1.018 0.889 1.034 0.862 0.975 1.147 0.967 1.196 1.043
30 0.934 0.958 0.996 0.896 0.916 1.028 1.018 1.010 1.020 0.932 0.978 0.887
31 0.973 0.946 0.915 1.003 1.021 1.066 1.056 1.047 0.954 0.888 0.867 0.958
32 0.994 1.037 0.964 0.927 1.030 0.963 1.027 0.974 0.966 1.077 0.940 0.951
33 0.670 0.977 0.717 0.472 0.936 1.073 0.802 0.957 0.716 0.912 0.892 0.492
34 1.028 1.065 1.024 1.000 0.965 1.014 1.102 0.976 1.067 1.050 0.931 1.026
35 1.050 0.976 0.882 1.034 1.052 1.009 1.023 0.989 0.998 0.967 0.864 1.046
Aggregate 1.001 1.001 0.986 1.003 0.980 1.028 1.057 0.992 1.024 0.975 0.949 1.011

Note:

Y= gross output, constant price (1987) VK= value of capital input

L= labor input, constant price (1987) VM= value of material input

K= capital, input, constant price (1987) PY= price of output, normalized at 1987

M= material input, constant price (1987) PL= price of labor, normalized at 1987

VY= value of gross output PK= price of capital, normalized at 1987

VL= value of labor input PM= price of material, normalized at 1987


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