Annual transactions from BEA, Fixed Asset Table 7.3B Current-Cost Depreciation of Government Fixed Assets; line 74, State and local, Research and development. Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of line 74, Research and development to line 55, State and local (total depreciation); multiplied by NIPA, Table 3.3 State and Local Government Current Receipts and Expenditures, line 42, Consumption of fixed capital. Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 07/14/2015