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

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Christophe Kamps

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

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Length: 31 pages
Date of creation: 11 May 2004
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Handle: RePEc:imf:imfwpa:04/67

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Keywords: Capital goods OECD Public investment Productivity

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  20. Holtz-Eakin, Douglas, 1993. "State-specific estimates of state and local government capital," Regional Science and Urban Economics, Elsevier, vol. 23(2), pages 185-209, April. [Downloadable!] (restricted)
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  26. Stefan Mittnik & Thorsten Neumann, 2001. "Dynamic effects of public investment: Vector autoregressive evidence from six industrialized countries," Empirical Economics, Springer, vol. 26(2), pages 429-446. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Roland Straub & Ivan Tchakarov, 2007. "Assessing the impact of a change in the composition of public spending - a DSGE approach," Working Paper Series 795, European Central Bank. [Downloadable!]
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