Pieter (Jop) WOLTJER

ABSTRACT: The release of the Penn World Table version 10.0 is the fifth release since the switch to the ‘Next Generation of the Penn World Table’, see Feenstra, Inklaar and Timmer (2015). PWT 10.0 is a database with information on relative levels of income, output, input and productivity, covering 183 countries between 1950 and 2019. This document provides an overview of the changes, which fall in four broad categories, namely, I) the incorporation of new purchasing power parities (PPPs) data for most countries for the years 2011 to 2017; II) the incorporation of revised and extended National Accounts data, covering the period up to 2019; III) revisions to how we estimate employment data, in particular for low and middle-income countries; and IV) a modification to the methodology for estimating investment by asset. With the incorporation of the new 2017 ICP data in PWT 10.0, we also shift the reference year from 2011 to 2017. This means that all variables that were denoted in 2011 US dollars in PWT 9.0 and 9.1 are now denoted in 2017 US dollars.

AUTHORS: Robert Inklaar, Ryan Marapin and Pieter Woltjer

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