The Next Generation of the Penn World Table
介绍了宾大世界表第8版在跨国实际GDP比较上的三大改进:新增产出侧实际GDP衡量生产能力、用多年跨国价格数据锚定增长率、重新引入资本存量与生产率数据,并讨论了巴拉萨-萨缪尔森效应和发展核算等应用。
We describe the theory and practice of real GDP comparisons across countries and over time. Version 8 of the Penn World Table expands on previous versions in three respects. First, in addition to comparisons of living standards using components of real GDP on the expenditure side, we provide a measure of productive capacity, called real GDP on the output side. Second, growth rates are benchmarked to multiple years of cross-country price data so they are less sensitive to new benchmark data. Third, data on capital stocks and productivity are (re)introduced. Applications including the Balassa-Samuelson effect and development accounting are discussed.