Publication

The Composition of Capital and Cross-country Productivity Comparisons

Inklaar, R., Gallardo Albarrán, D. & Woltjer, P., 2019, In : International Productivity Monitor. 36, 36, p. 34-52 19 p.

Research output: Contribution to journalArticleAcademicpeer-review

APA

Inklaar, R., Gallardo Albarrán, D., & Woltjer, P. (2019). The Composition of Capital and Cross-country Productivity Comparisons. International Productivity Monitor, 36(36), 34-52.

Author

Inklaar, Robert ; Gallardo Albarrán, Daniel ; Woltjer, Pieter. / The Composition of Capital and Cross-country Productivity Comparisons. In: International Productivity Monitor. 2019 ; Vol. 36, No. 36. pp. 34-52.

Harvard

Inklaar, R, Gallardo Albarrán, D & Woltjer, P 2019, 'The Composition of Capital and Cross-country Productivity Comparisons', International Productivity Monitor, vol. 36, no. 36, pp. 34-52.

Standard

The Composition of Capital and Cross-country Productivity Comparisons. / Inklaar, Robert; Gallardo Albarrán, Daniel; Woltjer, Pieter.

In: International Productivity Monitor, Vol. 36, No. 36, 2019, p. 34-52.

Research output: Contribution to journalArticleAcademicpeer-review

Vancouver

Inklaar R, Gallardo Albarrán D, Woltjer P. The Composition of Capital and Cross-country Productivity Comparisons. International Productivity Monitor. 2019;36(36):34-52.


BibTeX

@article{a0160c5387aa46079208e529506a66e5,
title = "The Composition of Capital and Cross-country Productivity Comparisons",
abstract = "The role of physical capital is typically found to be limited in accounting for differences in GDP per worker, but this result may be because capital is customarily assumed to be a homogenous unit. This assumption is misleading, as different types of capital assets have different marginal products and richer countries tend to invest more in high-marginal product assets. We take this perspective to a global dataset, the Penn World Table, to improve cross-country productivity comparisons. We show that, properly measured, differences in capital input can account for a greater share of income variation, but (total factor) productivity differences remain dominant.",
keywords = "GROWTH, OUTPUT, INPUT",
author = "Robert Inklaar and {Gallardo Albarr{\'a}n}, Daniel and Pieter Woltjer",
year = "2019",
language = "English",
volume = "36",
pages = "34--52",
journal = "International Productivity Monitor",
issn = "1492-9767",
publisher = "CENTRE STUDY LIVING STANDARDS",
number = "36",

}

RIS

TY - JOUR

T1 - The Composition of Capital and Cross-country Productivity Comparisons

AU - Inklaar, Robert

AU - Gallardo Albarrán, Daniel

AU - Woltjer, Pieter

PY - 2019

Y1 - 2019

N2 - The role of physical capital is typically found to be limited in accounting for differences in GDP per worker, but this result may be because capital is customarily assumed to be a homogenous unit. This assumption is misleading, as different types of capital assets have different marginal products and richer countries tend to invest more in high-marginal product assets. We take this perspective to a global dataset, the Penn World Table, to improve cross-country productivity comparisons. We show that, properly measured, differences in capital input can account for a greater share of income variation, but (total factor) productivity differences remain dominant.

AB - The role of physical capital is typically found to be limited in accounting for differences in GDP per worker, but this result may be because capital is customarily assumed to be a homogenous unit. This assumption is misleading, as different types of capital assets have different marginal products and richer countries tend to invest more in high-marginal product assets. We take this perspective to a global dataset, the Penn World Table, to improve cross-country productivity comparisons. We show that, properly measured, differences in capital input can account for a greater share of income variation, but (total factor) productivity differences remain dominant.

KW - GROWTH

KW - OUTPUT

KW - INPUT

M3 - Article

VL - 36

SP - 34

EP - 52

JO - International Productivity Monitor

JF - International Productivity Monitor

SN - 1492-9767

IS - 36

ER -

ID: 86632691