A Benchmark Estimate for the Capital Stock. An Optimal Consistency Method

There are alternative methods to estimate a capital stock for a benchmark year. These methods, however, do not allow for an independent check, which could establish whether the estimated benchmark level is too high or too low. I propose here an optimal consistency method (OCM), which may allow estimating a capital stock level for a benchmark year and/or checking the consistency of alternative estimates of a benchmark capital stock.

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Year of publication:	2001-02
Authors:	Albala-Bertrand, Jose Miguel
Institutions:	School of Economics and Finance, Queen Mary
Subject:	Benchmark capital \| Perpetual inventory method (PIM) \| Optimal consistency method (OCM)

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 434
Classification:	O4 - Economic Growth and Aggregate Productivity ; B4 - Economic Methodology
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005106405