Estimates of Government Net Capital Stocks for 26 Developing Countries, 1970-2002

Estimates of Government Net Capital Stocks for 26 Developing Countries, 1970-2002

The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.

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Bibliographic Details
Main Authors: Arestoff, Florence, Hurlin, Christophe
Language:English
Published: World Bank, Washington, DC 2006-03
Subjects:BASE YEAR, BENCHMARK, BUDGET DEFICIT, CAPITAL GRANTS, DAMAGES, DEPRECIATION, ECONOMIC ANALYSIS, ELECTRICITY, EXPENDITURE, EXPENDITURES, FISCAL ADJUSTMENT, FISCAL AUSTERITY, FISCAL STRINGENCY, FIXED ASSETS, FIXED CAPITAL, GDP, GDP DEFLATOR, GOVERNMENT ASSETS, GOVERNMENT FINANCE STATISTICS, GROSS FIXED CAPITAL FORMATION, INEFFICIENCY, INFLATION, INTANGIBLE ASSETS, INTERNATIONAL MONETARY FUND, INVENTORY, INVESTMENT FLOWS, INVESTMENT PROJECTS, INVESTMENT SPENDING, LATIN AMERICAN, MACROECONOMIC ADJUSTMENTS, MARKET VALUE, PRICE DECLINES, PRICE INDEXES, PRIVATE CAPITAL, PRIVATE SECTOR, PRODUCTIVE CAPITAL, PRODUCTIVITY, PUBLIC, PUBLIC CAPITAL, PUBLIC CAPITAL SPENDING, PUBLIC EXPENDITURES, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC INVESTMENT SPENDING, PUBLIC INVESTMENTS, PUBLIC SECTOR, PUBLIC SPENDING, RATE OF RETURN, RATES OF RETURN, REAL GDP, ROADS, STOCKS, STREETS, TELECOMMUNICATIONS, VOLATILITY, WEALTH,
Online Access:http://documents.worldbank.org/curated/en/2006/03/6612718/estimates-government-net-capital-stocks-26-developing-countries-1970-2002
https://hdl.handle.net/10986/8761
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Summary:The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory method and various assumptions regarding initial stocks and depreciation rates. The second set of estimates takes into account the potential inefficiency of public investments in creating capital with a nonparametric approach. Three estimates of net capital stocks are provided, on the basis of three assumptions regarding the efficiency of public investment.

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