This paper introduces a new data set of state-level physical capital in the United States from 1840 to 2000. The new data is combined with measures of the labor force, human capital, land, and output by state to perform traditional accounting decom- positions. Growth in measured inputs accounts...

The most important result of our analysis is we that find significant departures from the sets of conditions that the previous literature has identified as capturing the key forces behind balanced growth. In particular, we find evidence that factor shares are not common across sectors and that...