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Estimates of government net capital stocks for 26 developing countries, 1970-2002

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  • Arestoff, Florence
  • Hurlin, Christophe

Abstract

The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3858.

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Date of creation: 01 Mar 2006
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Handle: RePEc:wbk:wbrwps:3858

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Keywords: Investment and Investment Climate; Economic Theory&Research; Markets and Market Access; Public Sector Economics&Finance; Economic Stabilization;

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Citations

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Cited by:
  1. Herrera, Santiago & Youssef, Hoda & Youssef, Hoda & Zaki, Chahir, 2010. "Egypt beyond the crisis : medium-term challenges for sustained growth," Policy Research Working Paper Series 5451, The World Bank.
  2. Willi, Semmlero & Alfred, Greiner & Bobo, Diallo & Anand, Rajaram & Armon, Rezai, 2011. "Fiscal policy, public expenditure composition and growth. theory and empirics," MPRA Paper 35997, University Library of Munich, Germany.
  3. International Monetary Fund, 2010. "Public Capital and Growth," IMF Working Papers 10/175, International Monetary Fund.
  4. Eric Amoo Bondzie & Giovanni Di Bartolomeo & Gabriel Obed Fosu, 2014. "Oil Price Fluctuations and it Impact on Economic Growth: A Dsge Approach," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(2), pages 217-242, February.
  5. Andrew Berg & Rafael Portillo & Edward F. Buffie & Catherine A. Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability," IMF Working Papers 12/144, International Monetary Fund.
  6. Emanuela Marrocu & Raffaele Paci, 2010. "The effects of public capital on the productivity of the Italian regions," Applied Economics, Taylor & Francis Journals, vol. 42(8), pages 989-1002.
  7. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
  8. Romp, Ward & de Haan, Jakob, 2005. "Public capital and economic growth: a critical survey," EIB Papers 2/2005, European Investment Bank, Economics Department.

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