Measuring Capital - OECD Manual 2009 [electronic resource]: Second edition /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and Development.
Schreyer, Paul.
Paris : OECD Publishing,
2009.
Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.
Description based upon print version of record.
Includes bibliographical references.
Context, Purpose and Scope of the Manual -- Productive Stock and Capital Services -- Introduction -- Preface -- User Costs -- Scope of Capital Measurement and Classifications -- The Perpetual Inventory Method - Overview -- Acknowledgements -- Executive Summary -- Net ("Wealth") Capital Stock -- Age-efficiency Profiles -- Age-price and Depreciation Profiles -- Service Lives and Retirement of Assets -- Gross Fixed Capital Formation -- How asset values are determined -- Asset Retirement and the Gross Capital Stock -- Computing Net, Gross and Productive Capital Stocks and Depreciation -- Estimating Rates of Return -- Depreciation or Consumption of Fixed Capital -- Aggregation Across Assets and Industries -- Special Issues in Capital Measurement -- The Model -- Annex A -- Annex B -- annex C -- Annex D -- Glossary.
Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.
Capital stock
Capital