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Estimates of capital stocks and capital productivity in Austrian manufacturing industries: 1978-1994

Hölzl, Werner and Leisch, Robert (2004) Estimates of capital stocks and capital productivity in Austrian manufacturing industries: 1978-1994. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 41. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

We present gross, net and productive capital stock estimates for 20 industries of the Austrian manufacturing sector based on the perpetual inventory method for the period 1969-1994. The estimation of the net capital stocks and the volume index of capital services follows an integrated method derived from the neoclassical theory of investment. Based on the estimates we calculate capital intensity and capital productivity measures for the 20 industries and provide estimates of capital productivity developments. We find that capital productivity decreased only for 5 out of the 20 industries. The other industries showed in part marked increases in both capital and labor productivity. (author's abstract)

Item Type: Paper
Keywords: capital services / capital productivity / Austria / manufacturing
Classification Codes: JEL D24, O3, O4
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 30 Sep 2004 13:41
Last Modified: 10 Sep 2015 09:43
URI: http://epub.wu.ac.at/id/eprint/686

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