关键词: 城市固定资本存量, 建设周期, 加权价格指数, 加权折旧年限, 初始资本存量

Abstract: Based on a systemic review of literature and the real situation in China, this paper carefully determined the four key parameters that the perpetual inventory method relies on, adjusted city statistics to the changes of jurisdiction, and estimated the capital stocks of 286 prefecture or higher-level cities in China. The two series using different depreciation lives may be considered the high and low limits of the stocks in the cities. Comparing the capital-output ratios of this study with those in the literature and estimating production functions, we showed that the estimated capital stock data was reliable. The estimations provided a preliminary base of data for applied research in the future.

Key words: City Fixed Capital Stock, Construction Period, Weighted Price Index, Weighted Depreciable Life, Initial Capital Stock