Changes in the Effect of Capital and TFP on Output in Penn World Tables 7 and 8: Improvement or Error?


  • Documentos de Trabajo CIEF


  • Lower ICP 2005 construction prices in developing countries increase the effect of capital on output in PWT 7.1 and 8.0 and cause negative world TFP growth during 1990-2010 in PWT 8.0. The investment data appear to be more accurate in PWT 6.3.

fecha de publicación

  • 2015-01

Líneas de investigación

  • Economic Growth
  • Investment Rates
  • Penn World Table


  • 12454