Estimates of capital stocks and capital productivity in Austrian manufacturing industries, 1978 -1994
Werner Hölzl () and
Robert Leisch ()
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Robert Leisch: Vienna University of Economics & B.A.
Working Papers from Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness
We present gross, net and productive capital stock estimates for 20 industries of the Austrian manufacturing sector based on the perpetual inventory method for the period 1969-1994. The estimation of the net capital stocks and the volume index of capital services follows an integrated method derived from the neoclassical theory of investment. Based on the estimates we calculate capital intensity and capital productivity measures for the 20 industries and provide estimates of capital productivity developments. We find that capital productivity decreased only for 5 out of the 20 industries. The other industries showed in part marked increases in both capital and labor productivity.
Keywords: Capital Services; Capital Productivity; Austria; Manufacturing (search for similar items in EconPapers)
JEL-codes: D24 O3 O4 (search for similar items in EconPapers)
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