 Standardised Capital Stock Estimates in Latin America: A 1950-94 UpdateAndré Hofman () Cambridge Journal of Economics, 2000, vol. 24, issue 1, 45-86 Abstract: Capital stock estimates are used extensively in many areas of economic research, in spite of both theoretical and practical difficulties with respect to their use, estimation and meaning. The lack of comparable capital stock estimates in Latin America has hindered analysis of economic development in the region and comparisons with other developed and developing countries. Standardised gross and net fixed capital stock estimates for the 1950-94 period are presented for seven Latin American countries: Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Venezuela. The methodology employed is the "perpetual inventory method" which estimates capital stocks as a weighted sum of past investment flows. Several methodological issues are discussed, especially depreciation and service life estimation. Capital stocks have been disaggregated in machinery and equipment, non-residential and residential structures with services lives of 15, 40 and 50 years respectively. Copyright 2000 by Oxford University Press. Date: 2000 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:24:y:2000:i:1:p:45-86 Ordering information: This journal article can be ordered from Access Statistics for this article Cambridge Journal of Economics is currently edited by Jacqui Lagrue More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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