New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001 PDF Download
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Author: Christophe Kamps
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451848939
Category : Business & Economics
Languages : en
Pages : 39
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Book Description
The issue of whether government capital is productive has received a great deal of recent attention. 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.
Author: Christophe Kamps
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451848939
Category : Business & Economics
Languages : en
Pages : 39
Get Book Here
Book Description
The issue of whether government capital is productive has received a great deal of recent attention. 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.
Author: Christophe Kamps
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Book Description
Author: Florence Arestoff
Publisher: World Bank Publications
ISBN:
Category : Acceso a los mercados
Languages : en
Pages : 55
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Book Description
The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.
Author: Florence Arestoff
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
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Book Description
The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.
Author: Florence Arestoff
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.
Author: Michael Ward
Publisher: Organisation for Economic Co-operation and Development ; [Washington, D.C. : sold by OECD Publications Center]
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
This report is concerned with the practical problem of what is to be measured by the concept of capital and how it should be measured in different economic contexts. It includes a review and critique of existing series and estimation procedures.
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Book Description
Author: Christophe Kamps
Publisher: Springer Science & Business Media
ISBN: 9783540238973
Category : Business & Economics
Languages : en
Pages : 262
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Book Description
This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents a new database that provides internationally comparable capital stock estimates for 22 OECD countries for the 1960-2001 period. Building on this database, the book estimates the dynamic effects of public capital using a variety of econometric methods. The results suggest that public capital is productive in OECD countries on average. The theoretical analysis based on a dynamic general equilibrium model shows that the effects of public capital depend crucially on the way the government chooses to finance additional spending.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1513556037
Category : Business & Economics
Languages : en
Pages : 77
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Book Description
This 2015 Article IV Consultation highlights that Congo’s growth was strong in 2014 and inflation was moderated, but the country has been hit hard by the oil price shock. Growth rose to 6.8 percent in 2014, driven by a rebound in oil production. The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues. The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment. GDP growth in 2015 is projected at 1 percent and to average about 3 percent per year during 2015–20.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589065816
Category : Business & Economics
Languages : en
Pages : 183
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Book Description
This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new database. The issue also contains a comment from Jacques J. Polak on parity reversion in real exchange rates.
