Date: 2025-01-15 Page is: DBtxt003.php txt00021593
ECONOMICS
THE PENN WORLD TABLE
The Next Generation of the Penn World Table
THE PENN WORLD TABLE
The Next Generation of the Penn World Table
Open PDF: PWT 8.0 ... The-Next-Generation-of-the-Penn-World-Table-2015
Original material: https://www.rug.nl/ggdc/productivity/pwt/
Burgess COMMENTARY
Peter Burgess
By Robert C. Feenstra, Robert Inklaar, and Marcel P. Timmer*
ABSTRACT
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.
(JEL C43, C82, E01, E23, I31, O47)