• Title of article

    Are the Penn World Tables data on government consumption and investment being misused?

  • Author/Authors

    Knowles، Stephen نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    -292
  • From page
    293
  • To page
    0
  • Abstract
    This paper argues that it is inappropriate to measure G/Y and I/Y using Penn World Tables data. The empirical results of Barro and Lee (Carnegie¯Rochester Conference Series on Public Policy, 40 (1994) 1¯46) are sensitive to whether G/Y and I/Y are measured in local or international prices.
  • Keywords
    Markov process , Dynamic factors , Nonlinear , Canonical analysis , reversibility
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    21684