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Improving Capital Income Shares in the GTAP Database

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  • van Leeuwen, Nico

Abstract

This paper aims to improve the value of capital income shares in the GTAP database. From the GTAP database 5, it appears that capital shares vary a lot over regions and sectors; they range from less than 10% till over 80%. Based on information from the OECD STAN database, we conclude that variation in capital incomes shares is less than suggested in the GTAP database. Moreover, accounting for income of self-employed substantially reduces capital income shares in some sectors.

Suggested Citation

  • van Leeuwen, Nico, 2004. "Improving Capital Income Shares in the GTAP Database," Conference papers 331302, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331302
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    File URL: https://ageconsearch.umn.edu/record/331302/files/1783.pdf
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    4. Lau, Morten I. & Pahlke, Andreas & Rutherford, Thomas F., 2002. "Approximating infinite-horizon models in a complementarity format: A primer in dynamic general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 577-609, April.
    5. Uzawa, H, 1969. "Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 77(4), pages 628-652, Part II, .
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