Description Usage Arguments Value Note References
This function compute capital stock of provinces in China using the method by Zhang (2008).
1 2 3 4 5 6 7 8 |
yr |
a numeric vector about years. If you only need capital stock before 2017,
you can use its default |
invest |
a numeric vector about investment, its length equal the length of
|
InvestPrice |
a numeric vector about price indices of investment,
its length equal the length of |
delta |
a rate of depreciation, a scalar number. |
prv |
a province name, a scalar character. It's Chinese phonetic alphabets. |
bt |
a scalar number, such as 2000. It means computing capital stock with its price equal
1 in |
The function return a data.frame, and its 1st column is province, 2nd column is year, 3rd column is capital stock, 4th column is the price index of investment.
The parameter InvestPrice
is a fixed base index with equaling 1 in 1952 by default.
However, we often only get a price indices of investment with equaling 1
in last year. You can use data(asset)
to get InvestPrice
in any year (before 2017) with equaling 1 in 1952. So, it is easy then.
Zhang, J., Estimation of China's provincial capital stock (1952-2004) with applications. Journal of Chinese Economic and Business Studies, 2008. 6(2): p. 177-196.
Add the following code to your website.
For more information on customizing the embed code, read Embedding Snippets.