Capital stock estimates for major sectors and disaggregated manufacturing in selected OECD countries

Abstract

Different countries use different methods of estimating net capital stock at the aggregated as well as at the disaggregated levels. While analysing cross-country data, for consistency it is important that capital stock series be estimated by the same method across all the countries in the model. Out of this necessity, this paper produces consistent (in the sense that the same method is used across all countries) estimates of yearly net capital stock from 1970 to 1992 for selected major sectors and disaggregated manufacturing sectors in 15 OECD countries, namely: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Iceland, Italy, Japan, Luxembourg, Norway, Sweden, United Kingdom and the United States. The major sectors considered are: agriculture, hunting, forestry and fishing; communications; construction; finance, insurance and real estate; government service providers; mining and quarrying; retail, wholesale and hospitality industry; transportation and storage, and total manufacturing. The disaggregated sectors considered are: food industries, beverage and tobacco; textile, apparel and leather; wood products and furniture; paper, printing and publishing; chemical products; non-metallic mineral products; basic metal industries; fabricated metal products, and other manufacturing sectors.