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Capital stock estimates for major sectors and disaggregated manufacturing in selected OECD countries

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  • Verughese Jacob
  • Subhash Sharma
  • Richard Grabowski
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    Abstract

    Different countries use different methods of estimating net capital stock at the aggregated as well as at the disaggregated levels. While analysing cross-country data, for consistency it is important that capital stock series be estimated by the same method across all the countries in the model. Out of this necessity, this paper produces consistent (in the sense that the same method is used across all countries) estimates of yearly net capital stock from 1970 to 1992 for selected major sectors and disaggregated manufacturing sectors in 15 OECD countries, namely: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Iceland, Italy, Japan, Luxembourg, Norway, Sweden, United Kingdom and the United States. The major sectors considered are: agriculture, hunting, forestry and fishing; communications; construction; finance, insurance and real estate; government service providers; mining and quarrying; retail, wholesale and hospitality industry; transportation and storage, and total manufacturing. The disaggregated sectors considered are: food industries, beverage and tobacco; textile, apparel and leather; wood products and furniture; paper, printing and publishing; chemical products; non-metallic mineral products; basic metal industries; fabricated metal products, and other manufacturing sectors.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics.

    Volume (Year): 29 (1997)
    Issue (Month): 5 ()
    Pages: 563-579

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    Handle: RePEc:taf:applec:v:29:y:1997:i:5:p:563-579

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    Cited by:
    1. Soytas, Ugur & Sari, Ramazan, 2006. "Energy consumption and income in G-7 countries," Journal of Policy Modeling, Elsevier, vol. 28(7), pages 739-750, October.
    2. Wong, Siang Leng & Chang, Youngho & Chia, Wai-Mun, 2013. "Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves," Energy Economics, Elsevier, vol. 40(C), pages 51-60.
    3. Christophe Kamps, 2006. "New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960-2001," IMF Staff Papers, Palgrave Macmillan, vol. 53(1), pages 6.
    4. Zhang, Xing-Ping & Cheng, Xiao-Mei, 2009. "Energy consumption, carbon emissions, and economic growth in China," Ecological Economics, Elsevier, vol. 68(10), pages 2706-2712, August.
    5. Arestoff, Florence & Hurlin, Christophe, 2006. "Estimates of government net capital stocks for 26 developing countries, 1970-2002," Policy Research Working Paper Series 3858, The World Bank.
    6. Michael C. Burda & Battista Severgnini, 2008. "Solow Residuals without Capital Stocks," SFB 649 Discussion Papers SFB649DP2008-040, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    7. Shi, Guang-Ming & Bi, Jun & Wang, Jin-Nan, 2010. "Chinese regional industrial energy efficiency evaluation based on a DEA model of fixing non-energy inputs," Energy Policy, Elsevier, vol. 38(10), pages 6172-6179, October.
    8. Sari, Ramazan & Soytas, Ugur, 2007. "The growth of income and energy consumption in six developing countries," Energy Policy, Elsevier, vol. 35(2), pages 889-898, February.
    9. Christian Volpe Martincus & Antoni Estevadeordal, 2009. "Trade Policy and Specialization," IDB Publications 9289, Inter-American Development Bank.
    10. Werner Hölzl & Robert Leisch, 2004. "Estimates of capital stocks and capital productivity in Austrian manufacturing industries, 1978 -1994," Working Papers geewp41, Vienna University of Economics Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    11. Soytas, Ugur & Sari, Ramazan, 2006. "Can China contribute more to the fight against global warming?," Journal of Policy Modeling, Elsevier, vol. 28(8), pages 837-846, November.
    12. Wang, Yuan & Wang, Yichen & Zhou, Jing & Zhu, Xiaodong & Lu, Genfa, 2011. "Energy consumption and economic growth in China: A multivariate causality test," Energy Policy, Elsevier, vol. 39(7), pages 4399-4406, July.
    13. Howard Pack, 2001. "Industrialization Options for the Poorest Countries," Human Development Occasional Papers (1992-2007) HDOCPA-2001-04, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).

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