New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

By Christophe Kamps. Social Science Research Network, 2004

440 citations recorded by the source corpus.

The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment- recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data shortage by providing internationally comparable capital stock estimates for 22 Organization for Economic Cooperation and Development (OECD) countries.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/53d118b1e906053907c3c158efa80e3b092c5d8a

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In Economics and Econometrics

1. P. Bom
2. J. Damijan
3. M. Leibrecht
4. Sahoo Pravakar
5. Jan-Erik Wesselhöft
6. C. Bellak
7. Elsa Sze
8. S. Gupta

In Political Science and International Relations

1. P. Bom
2. J. Damijan
3. M. Leibrecht
4. Sahoo Pravakar
5. Jan-Erik Wesselhöft
6. C. Bellak
7. Elsa Sze
8. S. Gupta

Citations in the corpus

• Estimating Aggregate Capital Stocks Using the Perpetual Inventory Method (2012, methodology): “For the synthetic time series, covering the period from 1860 to 1960, KAMPS (2006) assumes a constant depreciation rate of 4.25 percent for nonresidential assets, 1.5 percent for residential assets and 2.5 percent for government assets.”
• Infrastructure Endowment and Corporate Income Taxes as Determinants of Foreign Direct Investment in Central- and Eastern European Countries (2007, positive): “Bénassy-Quéré et al. (2007a) use data on the net stock of public capital provided by Kamps (2006), which they extend for several countries and to the year 2002 as a proxy for the quantity and quality of infrastructure.”
• The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries (2005, neutral): “Identification of the model is achieved by a Choleski decomposition of the residual covariance matrix, employing the following ordering of variables: public capital, private capital, employment, GDP. stock per head among the OECD countries in our sample (see Table 3 in Kamps (2004)).”
• Infrastructure development and economic growth in China (2010, result): “Our results are comparable to findings of (Easterly and Rabelo, 1993; Calderón & Servén, 2003; Esfahani and Ramíres, 2003; Kamps, 2006).”
• WHAT HAVE WE LEARNED FROM THREE DECADES OF RESEARCH ON THE PRODUCTIVITY OF PUBLIC CAPITAL (2014, neutral): “7 for New Zealand (Kamps, 2006) to 2.”
• Efficiency-Adjusted Public Capital and Growth (2011, neutral): “The methodology for building the capital stock series is similar to that used by Collier, Hoeffler and Pattillo (2001), Kamps (2006) Arslanalp et al.”
• Public Capital and Growth (2010, methodology): “The data for 22 OECD countries is from Kamps (2006).6 We construct public and private capital stock data for the other 26 nonOECD countries7 using the same methodology for OECD countries.”
• How Productive is Public Capital? A Meta-Analysis (2008, background): “See Kamps (2006).”