Replication data for: The Next Generation of the Penn World Table

Principal Investigator(s): View help for Principal Investigator(s) Robert C. Feenstra; Robert Inklaar; Marcel P. Timmer

Version: View help for Version V1

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Replication data for: The Next Generation of the Penn World Table		0

Project Citation:

Feenstra, Robert C., Inklaar, Robert, and Timmer, Marcel P. Replication data for: The Next Generation of the Penn World Table. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112937V1

Project Description

Summary: 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)

Scope of Project

JEL Classification:
      C43 Index Numbers and Aggregation; Leading indicators
      C82 Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
      E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
      E23 Macroeconomics: Production
      I31 General Welfare; Well-Being
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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V1 [2019-10-12]

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