Measuring Capital - OECD Manual 2009
Subtitle: Second edition
By: Organisation for Economic Co-operation and Development
Edition: Second edition
Publisher: OECD Publishing
Published: 2009
Place of publication: Paris
Language: eng
Format: [electronic resource]:
Number of pages: 233
ISBN-13: 9789264068476
Subjects: Economics
Description: 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.
Table of contents: title: Preface; title: Acknowledgements; title: Executive Summary; title: Context, Purpose and Scope of the Manual; title: Introduction; title: How asset values are determined; title: Asset Retirement and the Gross Capital Stock; title: Depreciation or Consumption of Fixed Capital; title: Net ("Wealth") Capital Stock; title: Productive Stock and Capital Services; title: User Costs; title: Scope of Capital Measurement and Classifications; title: The Perpetual Inventory Method – Overview; title: Age-efficiency Profiles; title: Age-price and Depreciation Profiles; title: Service Lives and Retirement of Assets; title: Gross Fixed Capital Formation; title: Computing Net, Gross and Productive Capital Stocks and Depreciation; title: Estimating Rates of Return; title: Aggregation Across Assets and Industries; title: Special Issues in Capital Measurement; title: The Model; title: Annex A; title: Annex B; title: annex C; title: Annex D; title: Glossary.