This code computes various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. The authors can choose the efficiency parameter (i.e. the percentage of public investments that are really used to create new capital stock). The Perpetual Inventory Method (PIM) corresponds to a case with an efficiency parameter equal to one. The data of public capital stocks can be expressed in Local Currency Unit or in percentage of real GDP. For constant prices, the base year is not the same for all the countries and corresponds to the base year used for the GDP implicit price (WDI Code: Y.GDP.DEFL.ZS). See WDI (2004) and Hurlin and Arestoff (2004), pages 7-8. The data can be downloaded in a csv format (Sheet "Results").
White Halbert and Giacomini Raffaella