The Measurement of Capital and the Measurement of Productivity Growth and Efficiency in State Manufacturing

Bruce Domazlicky and William L. Weber
Additional contact information
William L. Weber: Department of Economics and Finance, Southeast Missouri State University, Cape Girardeau c645sse@semo.edu

International Regional Science Review, 2006, vol. 29, issue 2, 115-134

Abstract: No single way of measuring the capital stock has been agreed upon by regional researchers. The authors examine five methods that have been proposed for measuring the capital stock in state manufacturing. They discuss the properties of each of the five capital stock allocation methods and then estimate state efficiency levels and productivity growth rates during the period 1982 to 1996 for each of the five methods. Their findings indicate that efficiency levels are significantly different for states depending on which method of capital measurement is used. However, productivity growth rates do not appear to be as sensitive to capital measurement, averaging 2.5 to 3 percent annual rates for the period.

Keywords: productivity growth; capital measurement; state manufacturing (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0160017606286273 (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:sae:inrsre:v:29:y:2006:i:2:p:115-134

DOI: 10.1177/0160017606286273

Access Statistics for this article

More articles in International Regional Science Review
Bibliographic data for series maintained by SAGE Publications ().