Measuring capital
Subtitle: OECD manual 2009
Contributors: Organisation for Economic Co-operation and Development. Secretary-General; SourceOECD (Online service)
Edition: 2. ed.
Publisher: OECD
Published: 2009
Place of publication: Paris
Language: eng
Number of pages: 232
ISBN-13: 9789264025639
Subjects: Capital; Capital stock; Measurement
Other titles: Mesure du capital : manuel de l'OCDE 2009.
Description: Capital plays several roles in economic life: it constitutes wealth and 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.--Publisher's description.
Notes: "This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.

"Paul Schreyer (OECD), the principle author of the document"--Acknowledgements.

OECD code: 30 2009 12 1 P

Corrigenda to OECD publications may be found online at: www.oecd.org/publishing/corrigenda.

Also available in French under the title: La mesure du capital : manuel de l'OCDE 2009.

Includes bibliographical references.

Also available online.
Table of contents: title: Context, purpose and scope of the manual; title: pt. 1. Capital stocks and capital services : concepts. Introduction; title: How asset values are determines; 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: pt. 2. Measuring capital stocks and capital services : implementation. 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: pt. 3. Capital stocks and capital services : theory. The model.