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New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

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  • Christophe Kamps

Abstract

The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment-recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data shortage by providing internationally comparable capital stock estimates for 22 Organization for Economic Cooperation and Development (OECD) countries.

Suggested Citation

  • Christophe Kamps, 2004. "New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001," IMF Working Papers 2004/067, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2004/067
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    More about this item

    Keywords

    WP; General government; net capital; OECD country; Capital stock; public capital; perpetual inventory method; OECD countries; capital stock estimate; government capital; production function; government activity; growth rate; government capital stock; capital stock data; government assets; estimation result; government net capital stock; capital stock series; Stocks; Gross fixed investment; Depreciation; Public investment spending; Public investment and public-private partnerships (PPP);
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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