IMF Staff Papers, Vol. 53, No. 1, 2006: New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960-2001 by Christophe Kamps
ثبت نشده
چکیده
The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment—recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data shortage by providing internationally comparable capital stock estimates for 22 Organization for Economic Cooperation and Development (OECD) countries. [JEL C82, E22, E62, H54]
منابع مشابه
IMF Staff Papers, Vol. 53, No. 1, 2006: New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960-2001 by Christophe Kamps
The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment—recognizing that investment may be a poo...
متن کاملThe Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that provides internationally comparable capital stock estimates, this paper estimates the dynamic effects ...
متن کاملIMF Staff Papers, Vol. 52, No. 1, 2005: Total Factor Productivity Revisited: A Dual Approach to Development Accounting by Shekhar Aiyar and Carl-Johan Dalgaard
This paper tackles a number of issues that are central to cross-country comparisons of productivity. We develop a “dual” method to compare levels of total factor productivity (TFP) across nations that relies on factor price data rather than the data on stocks of factors required by standard “primal” estimates. Consistent with the development accounting literature based on primal estimates, we f...
متن کاملIMF Staff Papers Vol. 48 No. 3, 2001
This paper quantifies the impact of changes in U.S. monetary policy on sovereign bond spreads in emerging market countries. Specifically, the paper explores empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital markets. While country-specific fundamentals are important in explain...
متن کاملIMF Staff Papers - Vol. 49, No. 2, July 2002
In the growth literature, evidence on convergence of per capita incomes is mixed. In the development literature, health and education indicators are often used to measure countries’ development progress. This study examines whether average stocks of health and education are converging across countries and calculates the speed of their convergence using data from 84 countries for 1970–90. A thre...
متن کامل