Escuela superior poñitécnica del litoral
Penn World Table
Informe
Carlos Ortiz Mera
25/10/2015
“We describe the theory and practice of real GDP comparisons acrosscountries and over time.
Version 8 of the Penn World Table expands onprevious versions in three respects. First, in addition to
comparisons of livingstandards using components of real GDP on the expenditure side, we providea
measure of productive capacity, called real GDP on the output side.Second, growth rates are
benchmarked to multiple years of cross-countryprice data so they are less sensitive to new
benchmark data. Third, data oncapital stocks and productivity are (re)introduced. Applications
includingthe Balassa-Samuelson effect and development accounting are discussed” (BY ROBERT C.
FEENSTRA, ROBERT INKLAAR AND MARCEL P. TIMMER*)
