Imputing Away Convergence
Published: 16 July 2019| Version 1 | DOI: 10.17632/pt537prnbr.1
Contributors:
Jacob Assa, Description
The data includes real GDP, population and shares of imputation-heavy industries in GDP, collected from United Nations and World Bank Databases. They can be used to construct Narrow-Measured Value-Added (NMVA) following Basu and Foley (2013), which can be compared to GDP in assessing economic convergence rates of countries (both total and per capita).
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Steps to reproduce
NMVA can be derived from GDP and the share of imputed industries in GDP (ISIC cateogires J-P). Denote the latter by O (for other industries), then NMVA = GDP * (100-O)/100. Per capita NMVA is NMVA/population.
Categories
Economic Growth, Economic Development, Macroeconomics, Industrialization