Dataset Description
For Belgium, Spain, France, Japan, South Korea, the Netherlands, Sweden, the UK, and the USA, observations in this dataset correspond to the data published by Herrendorf, Rogerson, and Valentinyi (2014), except in some cases where we have updated observation using new releases of the same underlying data sources. The most important update corresponds to the 2015 release of the Groningen Growth and Development Centre's (GGDC) 10-sector database. However, some other country-specific updates were also considered (e.g. US data published by the Bureau of Economic Analysis). In the attached documentation we describe sources and updates, country by country.
For the rest of the countries, data comes directly from the 2015 release of the GGDC 10-sector database. The only change we applied to the GGDC 10-sector database was dropping observations for GDP shares in Peru 1950–1985 (these are reported as negative in the original).
