Loading...
AdminLTE Logo
  • PSRTI | Completed Research Studies
AdminLTE Logo PSRTI



Development of Methodologies to Estimate Philippine Capital Stock and a NSCB-based Total Factor Productivity (TFP)

Year: 2005
Author: Virginia M. Bañados

Abstract:

The objective of this study was to develop methodologies in estimating the Capital Stock and Total Factor Productivity (TFP) of the Philippines. The initial stages of the project were spent on the review of literature, data evaluation and the generation of the required data series. Mid-way in the project period, the initial data series expected to be used in the estimation of both capital stock and TFP were not available and would not be available within the project period in the format, quantity and quality that is required for the estimation of TFP. An alternative compilation strategy was adopted to optimize the use of the existing national accounts series as inputs. This was through the use of relevant disaggregation of sectors with the intention of making TFP estimates a little easy to understand and interpret. The capital stock was estimated using Perpetual Inventory Method (PIM), and was estimated for non-residential construction, transport machinery and other machinery and equipment. TFP, on the other hand, was based on a growth accounting model and was estimated using the Tornqvist index formulation. This study also recommends that, at least in the short term, the TFP estimate as well as the capital stock estimates be revised as soon as latest data becomes available. Subsequently, in the medium term, estimates have to be revised as soon as the data series used to calculate parameters such as capital formation ratio (CFR) become available. And finally, in the longer term, TFP estimates need to be revised as soon Gross Domestic Product (GDP) series is revised.

Keywords:

File request
First name
Middle name
Last name
Email
Agency
DATA PRIVACY CONSENT/AGREEMENT

The Privacy Notice of the Philippine Statistical Research and Training Institute:

Personal Information and Purpose:

We shall be getting the following personal information from you when you electronically submit to us your registration form, inquiries, complaints, suggestions and other requests:

In the conduct of our research and training activities, you will be asked for pertinent personal information such as your name, age, gender, contact information, and other details. The personal information we collect will be used solely for documentation and processing purposes within the PSRTI and will NOT be shared with any outside parties. The data will also be used to provide clients and stakeholders updates and advisories of our statistical researches and training-related activities.

Protection of Clients Data/Information:

We give assurance that all personal information will be stored, secured and kept in strictest confidence by PSRTI where only authorized personnel can have access to online personal information. Collected/gathered information will not be shared to any unauthorized PSRTI staff or those from outside parties.

You hereby grant permission to PSRTI to:
  • collect, store and manage the data collected from you.
  • randomly capture photo/s for the purpose of research/training documentation to be used in marketing collaterals, ads, website and other marketing mediums of PSRTI.
  • use your e-mail to receive e-flyers and other brochures for marketing purposes.
Version 1.0.0
Copyright © 2020 psrti.gov.ph. All rights reserved.