And the IMF Said, Let There Be Data, and There Was Data: Private Capital Stocks in the Eastern Bloc
Ryan Murphy () and
Colin O'Reilly
Econ Journal Watch, 2018, vol. 15, issue 3, 290–300
Abstract:
The International Monetary Fund has recently published a dataset on public and private capital stocks for 170 countries from 1960–2015 using the perpetual inventory methodology. Following a reckless assumption, opaquely imposed, the dataset likely overstates levels of private investment as a percentage of total investment in former Eastern bloc countries, and thereby likely overstates their private capital stocks. This comment explores the nature and implications of the assumption, and suggests that, in light of the problem, the scope of the IMF project be significantly diminished to address the issue.
Keywords: national accounts; investment and capital stock dataset; public capital stock; public investment; International Monetary Fund (search for similar items in EconPapers)
JEL-codes: H54 N10 P33 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://econjwatch.org/File+download/1076/MurphyOReillySept2018.pdf?mimetype=pdf (application/pdf)
https://econjwatch.org/1132 (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ejw:journl:v:15:y:2018:i:3:p:290-300
Access Statistics for this article
Econ Journal Watch is currently edited by Daniel Klein
More articles in Econ Journal Watch from Econ Journal Watch Contact information at EDIRC.
Bibliographic data for series maintained by Jason Briggeman ().