Capital Expenditures

IMPLAN follows the same definition provided by the Bureau of Economic Analysis (BEA). 

The BEA defines Capital Expenditures as "Expenditures made to acquire, add to, or improve property, plant, and equipment (PP&E). PP&E includes: land, timber, and minerals; structures, machinery, equipment, special tools, and other depreciable property; construction in progress; and tangible and intangible exploration and development costs. Changes in PP&E due to changes in entity-such as mergers, acquisitions, and divestitures-or to changes in accounting methods are excluded. Capital expenditures are measured on a gross basis; sales and other dispositions of fixed assets are not netted against them."

Capital Expenditures are not the same as purchases made by an Industry of non-durable goods and services that are used to produce other goods and services rather than for final consumption. Those are Intermediate Inputs

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