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Estimates of capital stocks and capital productivity in Austrian manufacturing industries, 1978 -1994

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Author Info
Werner Hölzl () (Vienna University of Economics & B.A.)
Robert Leisch () (Vienna University of Economics & B.A.)

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Abstract

We present gross, net and productive capital stock estimates for 20 industries of the Austrian manufacturing sector based on the perpetual inventory method for the period 1969-1994. The estimation of the net capital stocks and the volume index of capital services follows an integrated method derived from the neoclassical theory of investment. Based on the estimates we calculate capital intensity and capital productivity measures for the 20 industries and provide estimates of capital productivity developments. We find that capital productivity decreased only for 5 out of the 20 industries. The other industries showed in part marked increases in both capital and labor productivity.

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File URL: http://www.wu-wien.ac.at/inst/vw1/gee/papers/geewp41.pdf
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Publisher Info
Paper provided by Vienna University of Economics and B.A. Research Group: Growth and Employment in Europe: Sustainability and Competitiveness in its series Working Papers with number geewp41.

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Date of creation: Sep 2004
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Handle: RePEc:wiw:wiwgee:geewp41

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Postal: Augasse 2-6, 1090 Vienna, Austria
Web page: http://www.wu-wien.ac.at/inst/vw1/gee/

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Related research
Keywords: Capital Services; Capital Productivity; Austria; Manufacturing;

Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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References listed on IDEAS
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. Basu, Susanto & Fernald, John G, 1997. "Returns to Scale in U.S. Production: Estimates and Implications," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 249-83, April.
    Other versions:
  2. Hulten, Charles R. & Wykoff, Frank C., 1981. "The estimation of economic depreciation using vintage asset prices : An application of the Box-Cox power transformation," Journal of Econometrics, Elsevier, vol. 15(3), pages 367-396, April. [Downloadable!] (restricted)
  3. Jacob, Verughese & Sharma, Subhash C & Grabowski, Richard, 1997. "Capital Stock Estimates for Major Sectors and Disaggregated Manufacturing in Selected OECD Countries," Applied Economics, Taylor and Francis Journals, vol. 29(5), pages 563-79, May. [Downloadable!] (restricted)
  4. Hahn, Franz & Schmoranz, Ingo, 1984. "Estimates of Capital Stock by Industries for Austria," Review of Income and Wealth, Blackwell Publishing, vol. 30(3), pages 289-307, September.
  5. Wadhwani, Sushil & Wall, Martin, 1986. "The UK Capital Stock--New Estimates of Premature Scrapping," Oxford Review of Economic Policy, Oxford University Press, vol. 2(3), pages 44-55, Autumn.
  6. Franz R. Hahn, 1983. "Neufassung der WIFO-Kapitalstockschätzung für die Industrie und das Gewerbe nach Branchen," WIFO Monatsberichte (monthly reports), WIFO, vol. 56(8), pages 534-542, August. [Downloadable!] (restricted)
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