Physical capital estimates for China's provinces, 1952–2015 and beyond
Carsten A. Holz and
China Economic Review, 2018, vol. 51, issue C, 342-357
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of calculations, and the extensive data requirements. This paper (i) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between wealth capital stock and capital services (the appropriate measure of capital for productivity studies), and (iii) applies the most recent methodology advanced by the OECD (and implemented by the U.S. Bureau of Labor Statistics and the Australian Bureau of Statistics). The complete set of data is available online and is expected to be updated on an annual basis in the future.
Keywords: Capital services; Wealth capital stock; Capital concepts (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:51:y:2018:i:c:p:342-357
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