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Estimating Aggregate Capital Stocks Using the Perpetual Inventory Method – New Empirical Evidence for 103 Countries –

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  • Berlemann, Michael

    () (Helmut Schmidt University, Hamburg)

  • Wesselhöft, Jan-Erik

    () (Helmut Schmidt University, Hamburg)

Abstract

The lack of internationally comparable capital stock data has been a major obstacle to empirical studies of the contribution of the capital stock to economic growth. In this paper, we provide estimations of aggregate capital stocks for 103 countries in 2010. Depending on data availability the time series of the sample countries start in between 1960 and 1991. The estimation is based on World Bank investment data and applies a unified approach of applying the Perpetual Inventory Method. The data can easily be extended for more recent years as soon as new data is available.

Suggested Citation

  • Berlemann, Michael & Wesselhöft, Jan-Erik, 2012. "Estimating Aggregate Capital Stocks Using the Perpetual Inventory Method – New Empirical Evidence for 103 Countries –," Working Paper 125/2012, Helmut Schmidt University, Hamburg.
  • Handle: RePEc:ris:vhsuwp:2012_125
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    More about this item

    Keywords

    aggregate capital stock; investments; perpetual inventory method;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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