The Next Generation of the Penn World Table

Robert C. Feenstra, Robert Inklaar, Marcel P. Timmer

OnderzoeksoutputAcademicpeer review

1250 Citaten (Scopus)
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Samenvatting

We describe the theory and practice of real GDP comparisons across countries and over time. Version 8 of the Penn World Table expands on previous versions in three respects. First, in addition to comparisons of living standards using components of real GDP on the expenditure side, we provide a measure of productive capacity, called real GDP on the output side. Second, growth rates are benchmarked to multiple years of cross-country price data so they are less sensitive to new benchmark data. Third, data on capital stocks and productivity are (re)introduced. Applications including the Balassa-Samuelson effect and development accounting are discussed.
Originele taal-2English
Pagina's (van-tot)3150-3182
Aantal pagina's33
TijdschriftAmerican Economic Review
Volume105
Nummer van het tijdschrift10
Vroegere onlinedatum29-apr-2015
DOI's
StatusPublished - 2-okt-2015

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