Estimates Of Government Net Capital Stocks For 26 Developing Countries 1970 2002

Download or read book Estimates of Government Net Capital Stocks for 26 Developing Countries, 1970-2002 written by Florence Arestoff and published by World Bank Publications. This book was released on 2006 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.