Changes in the Effect of Capital and TFP on Output in Penn World Tables 7 and 8: Improvement or Error?

Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.

Autores:
Breton, Theodore R.
Tipo de recurso:
Fecha de publicación:
2015
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/4650
Acceso en línea:
http://hdl.handle.net/10784/4650
Palabra clave:
Penn World Table
Investment rates
Economic growth
Rights
License
Acceso abierto
Description
Summary:Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.