TrueValueMetrics ... Impact Accounting for the 21st Century


HOME	SN-BRIEFS	SYSTEM OVERVIEW	EFFECTIVE MANAGEMENT	PROGRESS PERFORMANCE	PROBLEMS POSSIBILITIES	STATE CAPITALS	FLOW ACTIVITIES	FLOW ACTORS	PETER BURGESS
SiteNav	SitNav (0)	SitNav (1)	SitNav (2)	SitNav (3)	SitNav (4)	SitNav (5)	SitNav (6)	SitNav (7)	SitNav (8)
Date: 2024-09-20 Page is: DBtxt001.php txt00021593

ECONOMICS
THE PENN WORLD TABLE
The Next Generation of the Penn World Table

Open PDF: PWT 8.0 ... The-Next-Generation-of-the-Penn-World-Table-2015

Original material: https://www.rug.nl/ggdc/productivity/pwt/

Burgess COMMENTARY

Peter Burgess

The Next Generation of the Penn World Table

By Robert C. Feenstra, Robert Inklaar, and Marcel P. Timmer*

ABSTRACT

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)

The text being discussed is available at

and

SITE COUNT<

Blog Counters Reset to zero January 20, 2015

TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to remain an open access initiative.

WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL		A MODEST DONATION WILL HELP MAKE THAT HAPPEN
The information on this website may only be used for socio-enviro-economic performance analysis, education and limited low profit purposes Copyright © 2005-2021 Peter Burgess. All rights reserved.