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Estimating the capital stock for the NUTS2 regions of the EU27

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  • J. Derbyshire
  • B. Gardiner
  • S. Waights

Abstract

To identify and target lagging regions policy makers require statistics to be produced at regional level. In many instances it is not possible simply to compare regional-level statistics produced by Member State national statistical offices as there is variation in the methods and assumptions used to produce them. Capital stock statistics at the national level have been available for most countries of the EU27 for some time, but statistics at the regional level are absent for almost all countries. Where they do exist the methods used to produce them are not consistent across countries. This article assesses the feasibility of producing comparable estimates of the capital stock at NUTS2 regional level for the EU27 and makes some initial estimates. The article outlines the method and data employed, and the techniques used to fill missing values. The approach is a Perpetual Inventory Method (PIM) based on that outlined in the Organization for Economic Co-operation and Development (OECD) Manual on capital estimation, and the data employed were taken from Eurostat or other publicly available sources wherever possible. The article analyses the robustness of the capital stock estimates produced, as well as their impact on productivity analysis, and suggests how they can be improved in future updates.

Suggested Citation

  • J. Derbyshire & B. Gardiner & S. Waights, 2013. "Estimating the capital stock for the NUTS2 regions of the EU27," Applied Economics, Taylor & Francis Journals, vol. 45(9), pages 1133-1149, March.
    • Handle: RePEc:taf:applec:45:y:2013:i:9:p:1133-1149
    DOI: 10.1080/00036846.2011.613797
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    References listed on IDEAS

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    1. Matilde Mas & Francisco Pérez & Ezequiel Uriel, 2000. "Estimation Of The Stock Of Capital In Spain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(1), pages 103-116, March.
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    15. Hille, Erik, 2016. "The impact of foreign direct investments on regional air pollution in the Republic of Korea: A way ahead to achieve the green growth strategy?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145517, Verein für Socialpolitik / German Economic Association.
    16. Stefanie Braun, 2021. "Effects of Preferential Tax Treatment on German Homeownership," Working Papers 209, Bavarian Graduate Program in Economics (BGPE).
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