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

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  • Christophe Kamps

Abstract

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.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 04/67.

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Length: 39
Date of creation: 01 Apr 2004
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Handle: RePEc:imf:imfwpa:04/67

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Keywords: Capital goods; Public investment; Productivity; capital stock; capital formation; net capital; private capital; capital productivity; productive capital; capital accumulation; gross domestic product; industrial capital; capital investment;

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