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

Theodore Breton ()

No 12454, Documentos de Trabajo de Valor Público from Universidad EAFIT

Abstract: 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.

Keywords: Penn World Table; Investment rates; Economic growth (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Pages: 9
Date: 2015-01-19
New Economics Papers: this item is included in nep-eff and nep-gro
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000122:012454

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