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The Measurement of Capital and the Measurement of Productivity Growth and Efficiency in State Manufacturing

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  • Bruce R. Domazlicky

    (Department of Economics and Finance, Southeast Missouri State University, Cape Girardeau bdomazlicky@semo.edu)

  • William L. Weber

    (Department of Economics and Finance, Southeast Missouri State University, Cape Girardeau c645sse@semo.edu)

Abstract

No single way of measuring the capital stock has been agreed upon by regional researchers. The authors examine five methods that have been proposed for measuring the capital stock in state manufacturing. They discuss the properties of each of the five capital stock allocation methods and then estimate state efficiency levels and productivity growth rates during the period 1982 to 1996 for each of the five methods. Their findings indicate that efficiency levels are significantly different for states depending on which method of capital measurement is used. However, productivity growth rates do not appear to be as sensitive to capital measurement, averaging 2.5 to 3 percent annual rates for the period.

Suggested Citation

  • Bruce R. Domazlicky & William L. Weber, 2006. "The Measurement of Capital and the Measurement of Productivity Growth and Efficiency in State Manufacturing," International Regional Science Review, , vol. 29(2), pages 115-134, April.
    • Handle: RePEc:sae:inrsre:v:29:y:2006:i:2:p:115-134
    DOI: 10.1177/0160017606286273
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    References listed on IDEAS

    as
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    4. Rolf Färe & Shawna Grosskopf & Carl A Pasurka, Jr., 2001. "Accounting for Air Pollution Emissions in Measures of State Manufacturing Productivity Growth," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 381-409, August.
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