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A Compositional Statistical Analysis of Capital per Worker

Juan Larrosa ()

Macroeconomics from University Library of Munich, Germany

Abstract: Most of economic literature has presented its analysis under the assumption of homogeneous capital stock composition. However, capital composition differs across countries. What has been the pattern of capital composition associated with World economies? I make an exploratory statistical analysis based on the Aitchinson logratio transformations and the related tools for visualizing and measuring statistical estimators of association among the components. As initial findings could be cited that: 1. It is observed a clear correlation in terms of capital stock participation between two building-industry- related components, 2. Manufacturing behaves differently, especially durable goods sector. 3. There are differences among subsamples.

Keywords: compositional statistics; Aitchison logratio; capital structure; complementarities; comparative economics (search for similar items in EconPapers)
JEL-codes: C82 E22 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2003-01-18
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP; pages: 24 ; figures: included. 24 pages, postscript, prepared from MS Word - figures prepared from MS Excel
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