The Next Generation of the Penn World Table

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

OnderzoeksoutputAcademicpeer review

2490 Citaten (Scopus)
8786 Downloads (Pure)

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

Vingerafdruk

Duik in de onderzoeksthema's van 'The Next Generation of the Penn World Table'. Samen vormen ze een unieke vingerafdruk.

Citeer dit