| Version: | 8.1-1 |
| Date: | 2017-01-03 |
| Title: | Penn World Table (Version 8.x) |
| Description: | The Penn World Table 8.x provides information on relative levels of income, output, inputs, and productivity for 167 countries between 1950 and 2011. |
| LazyData: | yes |
| LazyDataCompression: | xz |
| Depends: | R (≥ 2.10.0) |
| License: | GPL-2 | GPL-3 |
| NeedsCompilation: | no |
| Packaged: | 2017-01-03 15:53:17 UTC; zeileis |
| Author: | Achim Zeileis [aut, cre] |
| Maintainer: | Achim Zeileis <Achim.Zeileis@R-project.org> |
| Repository: | CRAN |
| Date/Publication: | 2017-01-04 10:56:14 |
Penn World Table 8.0
Description
Relative levels of income, output, inputs, productivity for 167 countries between 1950 and 2011 (base year: 2005).
Usage
data("pwt8.0")Format
A data frame with 10,354 observations of 39 variables.
- country
factor with country name.
- isocode
factor with ISO 3166-1 alpha-3 country code.
- year
year.
- currency
factor with national currency unit.
- rgdpe
Expenditure-side real GDP at chained PPPs (in million 2005 USD).
- rgdpo
Output-side real GDP at chained PPPs (in million 2005 USD).
- pop
Population (in millions).
- emp
Number of persons engaged (in millions).
- avh
Average annual hours worked by persons engaged.
- hc
Index of human capital per person, based on years of schooling (Barro and Lee 2013) and returns to education (Psacharopoulos 1994).
- cgdpe
Expenditure-side real GDP at current PPPs (in million 2005 USD).
- cgdpo
Output-side GDP at current PPPs (in million 2005 USD).
- ck
Capital stock at current PPPs (in million 2005 USD).
- ctfp
TFP level at current PPPs (USA = 1).
- rgdpna
Real GDP at constant 2005 national prices (in million 2005 USD).
- rkna
Capital stock at constant 2005 national prices (in million 2005 USD).
- rtfpna
TFP at constant national prices (2005 = 1).
- labsh
Share of labour compensation in GDP at current national prices.
- xr
Exchange rate, national currency/USD (market and estimated).
- pl_gdpe
Price level of CGDPe (PPP/XR, price level of USA GDPo in 2005 = 1).
- pl_gdpo
Price level of CGDPo (PPP/XR, price level of USA GDPo in 2005 = 1).
- i_cig
Factor indicating whether relative price data for consumption, investment, and government is extrapolated, benchmark, or interpolated.
- i_xm
Factor indicating whether relative price data for exports and imports is extrapolated, benchmark, or interpolated.
- i_xr
Factor indicating whether the exchange rate is market-based or estimated.
- i_outlier
Factor indicating whether the observation on
pl_gdpeorpl_gdpois an outlier or not.- cor_exp
Correlation between expenditure shares of the country and the US (benchmark observations only).
- statcap
Statistical capacity indicator (source: World Bank, developing countries only).
- csh_c
Share of household consumption at current PPPs.
- csh_i
Share of gross capital formation at current PPPs.
- csh_g
Share of government consumption at current PPPs.
- csh_x
Share of merchandise exports at current PPPs.
- csh_m
Share of merchandise imports at current PPPs.
- csh_r
Share of residual trade and GDP statistical discrepancy at current PPPs.
- pl_c
Price level of household consumption (price level of USA GDPo in 2005 = 1).
- pl_i
Price level of capital formation (price level of USA GDPo in 2005 = 1).
- pl_g
Price level of government consumption (price level of USA GDPo in 2005 = 1).
- pl_x
Price level of exports (price level of USA GDPo in 2005 = 1.
- pl_m
Price level of imports (price level of USA GDPo in 2005 = 1.
- pl_k
Price level of the capital stock (price level of USA in 2005 = 1.
Details
The Penn World Table (version 8.0) is a database with information on relative levels of income, output, inputs, productivity for 167 countries between 1950 and 2011. For more details see the official documentation provided at http://www.ggdc.net/pwt/.
Version 8.0 has been constructed by Feenstra, Inklaar, and Timmer (2013, 2015). Compared to earlier versions (see Heston et al. 2012, and also R package pwt), the construction of the data has changed somewhat and also some variables have been renamed, added, or dropped. The PWT 8.0 website provides many additional materials including documentation and scripts for constructing customized variables.
The data set pwt8.0 provided here largely preserves the properties
of the original data. All character or indicator variables are stored
as factors, though. Also, the variables isocode (rather than
countrycode) and currency (rather than currency_unit)
are used as in package pwt. Following Feenstra et al., the ISO
country code (isocode) now strictly follows ISO 3166-1 alpha-3, i.e.,
COD (rather than ZAR) is used for the Democratic Republic of Congo,
DEU (rather than GER) for Germany and ROU (rather than ROM) for Romania.
Feenstra et al provide a detailed list of overlapping variables in version 7.1 and 8.0. Here, only the variable names are list:
| Version 8.0 | Version 7.1 |
cgdpe | tcgdp |
xr | xrat |
pl_gdpe | p |
csh_c | cc |
csh_i | ci |
csh_g | cg |
pl_c | pc |
pl_i | pi |
pl_g | pg |
Similarly, the following variables from version 7.1 can be constructed (approximately) from 8.0 data:
| Version 7.1 | Link to Version 8.0? |
ppp | Compute as pl_gdpe * xr |
cgdp | Compute as cgdpe/pop |
y | Divide cgdpe by pop and divide by USA values |
rgdpch | Closest comparison: rgdpe/pop |
rgdpwok | Closest comparison: rgdpe/emp |
rgdpl2th | Closest comparison: rgdpe/(avh * emp) |
Source
Penn World Table 8.0, http://dx.doi.org/10.15141/S5159X.
References
Barro RJ, Lee JW (2013). A New Data Set of Educational Attainment in the World, 1950–2010. Journal of Development Economics, 104, 184–198. URL http://dx.doi.org/10.1016/j.jdeveco.2012.10.001
Feenstra RC, Inklaar R, Timmer MP (2013). PWT 8.0: A User's Guide. URL http://www.ggdc.net/pwt/.
Feenstra RC, Inklaar R, Timmer MP (2015). The Next Generation of the Penn World Table, American Economic Review, forthcoming. URL http://www.ggdc.net/pwt/.
Heston A, Summers R, Aten B (2012). Penn World Table Version 7.1, Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania.
Psacharopoulous G (1994). Returns to Investment in Education: A Global Update. World Development, 22(9), 1325-1343.
See Also
Penn World Table 8.1
Description
Relative levels of income, output, inputs, productivity for 167 countries between 1950 and 2011 (base year: 2005).
Usage
data("pwt8.1")Format
A data frame with 10,354 observations of 39 variables.
- country
factor with country name.
- isocode
factor with ISO 3166-1 alpha-3 country code.
- year
year.
- currency
factor with national currency unit.
- rgdpe
Expenditure-side real GDP at chained PPPs (in million 2005 USD).
- rgdpo
Output-side real GDP at chained PPPs (in million 2005 USD).
- pop
Population (in millions).
- emp
Number of persons engaged (in millions).
- avh
Average annual hours worked by persons engaged.
- hc
Index of human capital per person, based on years of schooling (Barro and Lee 2013) and returns to education (Psacharopoulos 1994).
- ccon
Real consumption of households and government, at current PPPs (in million 2005 USD).
- cda
Real domestic absorption, (real consumption plus investment), at current PPPs (in million 2005 USD).
- cgdpe
Expenditure-side real GDP at current PPPs (in million 2005 USD).
- cgdpo
Output-side GDP at current PPPs (in million 2005 USD).
- ck
Capital stock at current PPPs (in million 2005 USD).
- ctfp
TFP level at current PPPs (USA = 1).
- cwtfp
Welfare-relevant TFP levels at current PPPs (USA = 1).
- rgdpna
Real GDP at constant 2005 national prices (in million 2005 USD).
- rconna
Real consumption at constant 2005 national prices (in million 2005 USD).
- rdana
Real domestic absorption at constant 2005 national prices (in million 2005 USD).
- rkna
Capital stock at constant 2005 national prices (in million 2005 USD).
- rtfpna
TFP at constant national prices (2005 = 1).
- rwtfpna
Welfare-relevant TFP at constant national prices (2005 = 1).
- labsh
Share of labour compensation in GDP at current national prices.
- delta
Average depreciation rate of the capital stock.
- xr
Exchange rate, national currency/USD (market and estimated).
- pl_con
Price level of CCON (PPP/XR, price level of USA GDPo in 2005 = 1).
- pl_da
Price level of CDA (PPP/XR, price level of USA GDPo in 2005 = 1).
- pl_gdpo
Price level of CGDPo (PPP/XR, price level of USA GDPo in 2005 = 1).
- i_cig
Factor indicating whether relative price data for consumption, investment, and government is extrapolated, benchmark, or interpolated.
- i_xm
Factor indicating whether relative price data for exports and imports is extrapolated, benchmark, or interpolated.
- i_xr
Factor indicating whether the exchange rate is market-based or estimated.
- i_outlier
Factor indicating whether the observation on
pl_gdpeorpl_gdpois an outlier or not.- cor_exp
Correlation between expenditure shares of the country and the US (benchmark observations only).
- statcap
Statistical capacity indicator (source: World Bank, developing countries only).
- csh_c
Share of household consumption at current PPPs.
- csh_i
Share of gross capital formation at current PPPs.
- csh_g
Share of government consumption at current PPPs.
- csh_x
Share of merchandise exports at current PPPs.
- csh_m
Share of merchandise imports at current PPPs.
- csh_r
Share of residual trade and GDP statistical discrepancy at current PPPs.
- pl_c
Price level of household consumption (price level of USA GDPo in 2005 = 1).
- pl_i
Price level of capital formation (price level of USA GDPo in 2005 = 1).
- pl_g
Price level of government consumption (price level of USA GDPo in 2005 = 1).
- pl_x
Price level of exports (price level of USA GDPo in 2005 = 1.
- pl_m
Price level of imports (price level of USA GDPo in 2005 = 1.
- pl_k
Price level of the capital stock (price level of USA in 2005 = 1.
Details
The Penn World Table (version 8.1) is a database with information on
relative levels of income, output, inputs, productivity for 167 countries
between 1950 and 2011. For more details see Feenstra, Inklaar, and Timmer (2015ab)
provided at http://www.ggdc.net/pwt/. PWT 8.1 is an updated version of
PWT 8.0, covering the same countries and period, see also pwt8.0.
Source
Penn World Table 8.1, http://dx.doi.org/10.15141/S5NP4S.
References
Feenstra RC, Inklaar R, Timmer MP (2015). The Next Generation of the Penn World Table, American Economic Review, forthcoming. URL http://www.ggdc.net/pwt/.