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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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    1. repec:rej:journl:v:16:y:2013:i:47:p:75-90 is not listed on IDEAS
    2. Deeken, Tim, 2015. "Knowledge spillovers: On the impact of genetic distance and data revisions," Working Paper Series in Economics 74, Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering.
    3. Mazouch, P. & KrejÄ Ã­, I., 2016. "The Analysis of the Age Structure of Regional Fixed Capital in the Agriculture," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), June.
    4. Theocharis Marinos, 2013. "A Post-Opening Transport Infrastructure¢s Socio-Economic Evaluation: The Case of "Attiki Odos Motorway"," ERSA conference papers ersa13p1167, European Regional Science Association.
    5. 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?," Annual Conference 2016 (Augsburg): Demographic Change 145517, Verein für Socialpolitik / German Economic Association.
    6. Guerriero, Carmine, 2013. "Endogenous Institutions and Economic Outcomes," MPRA Paper 70879, University Library of Munich, Germany, revised 21 Jan 2015.

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