Thursday, 17 March 2011: 17:00
In this paper the level of net capital stock will be determined in nominal terms in the case of the thirteen regions of Greece. The approapriate ARIMA models for the series of regional gross investment are determined, using annual data over the period 1974-2006. These models are used in order to produce, via a calibration method, the regional gross investment series for the period prior to 1974. The regional net capital stock series are finally determined using four different depreciation patterns and for a depreciation period of 18 and 25 years.