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Research

“Machinery of Progress: Charting the Capabilities of Capital, 1998-2023″ (forthcoming), by Peter John Lambert and Yannick Schindler. This paper outlines the data methodology. Please cite this paper when using information contained on this website.

"The Impact of Climate Disasters on Local Investment and Capital Reallocation" (forthcoming), by Peter John Lambert and Yannick Schindler.

What is the Machinery of Progress Project?

The aim of the Machinery of Progress (MoP) project is to bring measurement of capital equipment into the 21st century. By utilising novel AI tools, along with big data from administrative archives, we produce a high-frequency and highly-detailed measurement of investment and capital equipment powering the modern economy.

coveage

Coverage

Time

Monthly from1990 to present

Geographic

Texas, California, Florida,

Colorado (more coming soon)

Granularity

Census tract and county level

Industries

Down to 4-digit NAICS

team

The team

Peter J. Lambert

Pete is a PhD candidate at the LSE. He holds MRes & MSc degrees from LSE, and a Masters/BA from Monash University. He is affiliated with the Programme on Innovation and Diffusion (POID). His research leverages large novel datasets (e.g. text, transactions, networks) and novel data methods to study organizations, industries, productivity and economic progress.

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Yannick M. Schindler

Yannick is a PhD candidate at the LSE and a Research Fellow at London Business School. He has worked as a Senior Research Fellow at Princeton University and as a Research Analyst at the European Central Bank. His research focuses on the causes and consequences of capital misallocation, capital upgrading, and novel measurement of capital to study business cycles and economic growth.

Research

What is the Machinery of Progress Project?

Coverage

The team

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