Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161911
Authors: 
Holz, Carsten A.
Yue, Sun
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper 6472
Abstract: 
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of calculations, and the extensive data requirements. This paper (i) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and wealth capital stock, and (iii) applies the most recent methodology advanced by the OECD, the U.S. Bureau of Labor Statistics, and the Australian Bureau of Statistics. The complete set of data is available online and is expected to be updated on an annual basis in the future.
Subjects: 
capital services
wealth capital stock
capital concepts
JEL: 
E01
E22
O11
O53
Document Type: 
Working Paper

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