Physical Capital Estimates for China's Provinces, 1952-2015 and Beyond

28 Pages Posted: 10 Jun 2017

See all articles by Carsten A. Holz

Carsten A. Holz

Hong Kong University of Science & Technology (HKUST) - Division of Social Science

Yue Sun

Central University of Finance and Economics (CUFE) - China Center for Human Capital and Labor Market Research, Students

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Date Written: May 23, 2017

Abstract

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of calculations, and the extensive data requirements.

This paper:

(i) calculates long-run provincial (and national) physical capital series for China,

(ii) distinguishes between capital services and wealth capital stock, and

(iii) applies the most recent methodology advanced by the OECD, the U.S. Bureau of Labor Statistics, and the Australian Bureau of Statistics.

The complete set of data is available online and is expected to be updated on an annual basis in the future.

Keywords: capital services, wealth capital stock, capital concepts

JEL Classification: E010, E220, O110, O530

Suggested Citation

Holz, Carsten A. and Sun, Yue, Physical Capital Estimates for China's Provinces, 1952-2015 and Beyond (May 23, 2017). CESifo Working Paper Series No. 6472, Available at SSRN: https://ssrn.com/abstract=2983735

Carsten A. Holz (Contact Author)

Hong Kong University of Science & Technology (HKUST) - Division of Social Science ( email )

Division of Social Science
Clear Water Bay
Clear Water Bay, Kowloon
Hong Kong

Yue Sun

Central University of Finance and Economics (CUFE) - China Center for Human Capital and Labor Market Research, Students ( email )

Beijing
China

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