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Estimating the capital stock for the NUTS2 regions of the EU27

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  • J. Derbyshire
  • B. Gardiner
  • S. Waights

Abstract

To identify and target lagging regions policy makers require statistics to be produced at regional level. In many instances it is not possible simply to compare regional-level statistics produced by Member State national statistical offices as there is variation in the methods and assumptions used to produce them. Capital stock statistics at the national level have been available for most countries of the EU27 for some time, but statistics at the regional level are absent for almost all countries. Where they do exist the methods used to produce them are not consistent across countries. This article assesses the feasibility of producing comparable estimates of the capital stock at NUTS2 regional level for the EU27 and makes some initial estimates. The article outlines the method and data employed, and the techniques used to fill missing values. The approach is a Perpetual Inventory Method (PIM) based on that outlined in the Organization for Economic Co-operation and Development (OECD) Manual on capital estimation, and the data employed were taken from Eurostat or other publicly available sources wherever possible. The article analyses the robustness of the capital stock estimates produced, as well as their impact on productivity analysis, and suggests how they can be improved in future updates.

Suggested Citation

  • J. Derbyshire & B. Gardiner & S. Waights, 2013. "Estimating the capital stock for the NUTS2 regions of the EU27," Applied Economics, Taylor & Francis Journals, vol. 45(9), pages 1133-1149, March.
    • Handle: RePEc:taf:applec:45:y:2013:i:9:p:1133-1149
    DOI: 10.1080/00036846.2011.613797
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    References listed on IDEAS

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    1. Matilde Mas & Francisco Pérez & Ezequiel Uriel, 2000. "Estimation Of The Stock Of Capital In Spain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(1), pages 103-116, March.
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    Cited by:

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    3. Mazouch, P. & Krejčí, I., 2016. "The Analysis of the Age Structure of Regional Fixed Capital in the Agriculture," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), pages 1-13, June.
    4. Hille, Erik & Shahbaz, Muhammad & Moosa, Imad, 2019. "The impact of FDI on regional air pollution in the Republic of Korea: A way ahead to achieve the green growth strategy?," Energy Economics, Elsevier, vol. 81(C), pages 308-326.
    5. Bernard Fingleton, 2020. "Exploring Brexit with dynamic spatial panel models: some possible outcomes for employment across the EU regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(2), pages 455-491, April.
    6. Ricardo Duque Gabriel & Mathias Klein & Ana Sofia Pessoa, 2023. "The Effects of Government Spending in the Eurozone," Journal of the European Economic Association, European Economic Association, vol. 21(4), pages 1397-1427.
    7. Bernard Fingleton, 2020. "Italexit, is it another Brexit?," Journal of Geographical Systems, Springer, vol. 22(1), pages 77-104, January.
    8. Berlemann Michael & Wesselhöft Jan-Erik, 2017. "Aggregate Capital Stock Estimations for 122 Countries: An Update," Review of Economics, De Gruyter, vol. 68(2), pages 75-92, August.
    9. Marinos, Theocharis & Belegri-Roboli, Athena & Michaelides, Panayotis G. & Konstantakis, Konstantinos Ν., 2022. "The spatial spillover effect of transport infrastructures in the Greek economy (2000–2013): A panel data analysis," Research in Transportation Economics, Elsevier, vol. 94(C).
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    11. Thomas Schatzer & Matthias Siller & Janette Walde & Gottfried Tappeiner, 2019. "The Impact of Model Choice on Estimates of Regional TFP," International Regional Science Review, , vol. 42(1), pages 98-116, January.
    12. Shuai Liu & Xiao-Yu Xu & Kai Zhao & Li-Ming Xiao & Qi Li, 2021. "Understanding the Complexity of Regional Innovation Capacity Dynamics in China: From the Perspective of Hidden Markov Model," Sustainability, MDPI, vol. 13(4), pages 1-22, February.
    13. Theocharis Marinos, 2013. "A Post-Opening Transport Infrastructure¢s Socio-Economic Evaluation: The Case of "Attiki Odos Motorway"," ERSA conference papers ersa13p1167, European Regional Science Association.
    14. Hille, Erik, 2016. "The impact of foreign direct investments on regional air pollution in the Republic of Korea: A way ahead to achieve the green growth strategy?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145517, Verein für Socialpolitik / German Economic Association.
    15. Stefanie Braun, 2021. "Effects of Preferential Tax Treatment on German Homeownership," Working Papers 209, Bavarian Graduate Program in Economics (BGPE).
    16. Sayed Mansoor Khalili Araghi & Mahboobeh Kabiri Renani & Elham Nobahar, 2018. "The Effects of Infrastructure on the Economic Growth of the Main Sectors of the Economy of Iran’s Provinces," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 22(2), pages 347-374, Spring.
    17. Abdallah Othman & Glenn P. Jenkins, 2019. "Estimation of the Rate of Return to Capital in the East African Community Countries (EAC)," Development Discussion Papers 2019-11, JDI Executive Programs.
    18. Zolfaghari, Mehdi & Kabiri, Mahbobe & Saadatmanesh, Hamideh, 2020. "Impact of socio-economic infrastructure investments on income inequality in Iran," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 1146-1168.

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