The Next Generation of the Penn World Table

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

OnderzoeksoutputAcademicpeer review

1791 Citaten (Scopus)
8297 Downloads (Pure)


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
Nummer van het tijdschrift10
Vroegere onlinedatum29-apr.-2015
StatusPublished - 2-okt.-2015

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