New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

April 1, 2004

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Depreciation, Expenditure, Financial institutions, Gross fixed investment, National accounts, Public investment and public-private partnerships (PPP), Public investment spending, Stocks

Keywords: Capital stock, capital stock data, capital stock estimate, capital stock series, Depreciation, estimation result, General government, government activity, government assets, government capital, government capital stock, government net capital stock, Gross fixed investment, growth rate, net capital, OECD countries, OECD country, perpetual inventory method, production function, public capital, Public investment and public-private partnerships (PPP), Public investment spending, Stocks, WP

Pages:
39
Volume:
2004
DOI:
https://doi.org/10.5089/9781451848939.001
Issue:
067
Series:
Working Paper No. 2004/067
Stock No:
WPIEA0672004
ISBN:
9781451848939
ISSN:
1018-5941

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