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Estimating the capital stock for the NUTS2 regions of the EU27

Derbyshire, J., Gardiner, B. and Waights, Sevrin (2013) Estimating the capital stock for the NUTS2 regions of the EU27. Applied Economics, 45 (9). pp. 1133-1149. ISSN 0003-6846

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Abstract

To identify and target lagging regions policy makers require statistics to be produced at regional level. In many instances it is not possible simply to compare regional-level statistics produced by Member State national statistical offices as there is variation in the methods and assumptions used to produce them. Capital stock statistics at the national level have been available for most countries of the EU27 for some time, but statistics at the regional level are absent for almost all countries. Where they do exist the methods used to produce them are not consistent across countries. This article assesses the feasibility of producing comparable estimates of the capital stock at NUTS2 regional level for the EU27 and makes some initial estimates. The article outlines the method and data employed, and the techniques used to fill missing values. The approach is a Perpetual Inventory Method (PIM) based on that outlined in the Organization for Economic Co-operation and Development (OECD) Manual on capital estimation, and the data employed were taken from Eurostat or other publicly available sources wherever possible. The article analyses the robustness of the capital stock estimates produced, as well as their impact on productivity analysis, and suggests how they can be improved in future updates.

Item Type: Article
Official URL: http://www.tandf.co.uk/journals/titles/00036846.as...
Additional Information: © 2013 Taylor and Francis Group, LLC
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures; Other Public Investment and Capital Stock
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R53 - Public Facility Location Analysis; Public Investment and Capital Stock
Sets: Departments > Geography and Environment
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 29 Mar 2012 16:25
URL: http://eprints.lse.ac.uk/42834/

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