The next generation of the penn world table

• Autores: Robert Feenstra, Robert Inklaar, Marcel P. Timmer
• Localización: American economic review, ISSN 0002-8282, Vol. 105, Nº 10, 2015, págs. 3150-3182
• Idioma: inglés
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• Dialnet Métricas: 81 Citas
• Resumen

  • We describe the theory and practice of real GDP comparisons across countries and over time. Version 8 of the Penn World Table expands on previous versions in three respects. First, in addition to comparisons of living standards using components of real GDP on the expenditure side, we provide a measure of productive capacity, called real GDP on the output side. Second, growth rates are benchmarked to multiple years of cross-country price data so they are less sensitive to new benchmark data. Third, data on capital stocks and productivity are (re)introduced. Applications including the Balassa-Samuelson effect and development accounting are discussed. (JEL C43, C82, E01, E23, I31, O47)