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Changes in the Effect of Capital and TFP on Output in Penn World Tables 7 and 8: Improvement or Error?

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  • Theodore R. Breton

Abstract

Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.

Suggested Citation

  • Theodore R. Breton, 2015. "Changes in the Effect of Capital and TFP on Output in Penn World Tables 7 and 8: Improvement or Error?," Documentos de Trabajo de Valor Público 12454, Universidad EAFIT.
    • Handle: RePEc:col:000122:012454
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    File URL: http://hdl.handle.net/10784/4650
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    Cited by:

    1. Roger, Lionel, 2019. "A replication of "The long-run impact of foreign aid in 36 African countries: Insights from multivariate time series analysis" (Oxford Bulletin of Economics and Statistics, 2014)," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 13, pages 1-53.
    2. Campbell, Susanna G. & Üngör, Murat, 2020. "Revisiting human capital and aggregate income differences," Economic Modelling, Elsevier, vol. 91(C), pages 43-64.

    More about this item

    Keywords

    Penn World Table; Investment rates; Economic growth;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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