LARROSA Juan Manuel Ceferino
congresos y reuniones científicas
A Compositional Statistical Analysis of Capital Stock per Worker
LARROSA, JUAN M.C.
Bahía Blanca, Argentina
Jornada; V Jornada de Difusión de Investigaciones; 2002
Instituto de Economía - Universidad Nacional del Sur
Most of economic literature has presented its analysis mainly under the assumption of homogeneous capital stock composition. However, capital composition differs across countries. What has been the pattern of capital composition associated with World economies? We make an exploratory statistical analysis based on the Aitchinson logratio transformations and the related tools for visualizing and measuring statistical estimators of association among the components. As initial findings could be cited that:(1) It is observed a clear correlation in terms of capital stock participation between two building-industry-related components, (2) Manufacturing behaves differently, especially durable goods sector.(3) There's differences among subsamples.