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Firm-level estimates of capital stock and productivity
Describes the advantages of firm-level studies for productivity and outlines how firm-level capital stocks are constructed
Author: Bob Gilhooly
Economic & Labour Market Review, vol 3, no 5, pp 36-41. ISSN: 1751-8334
Recent empirical work has highlighted the importance of firm-level studies in explaining productivity trends over time and across industries and countries. Using the microdata sets, made available within the Virtual Microdata Laboratory (VML) at the Office for National Studies (ONS), has made exploring the richness of differing fi rm characteristics and their impact on productivity possible. This article reviews the recent literature, and describes how a new firm-level capital stock series has been created. This will provide a gateway to future academic research and inform policy on productivity and firm performance.
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