Comment on Estimating Capital Input for Measuring Canadian Multifactor Productivity Growth

The paper lays out the algebra behind the Diewert-Yu capital services methodology and the corresponding methodology used by the Statistics Canada Canadian Productivity Program. The large differences in the estimates can mainly be explained by different treatments of the expected capital gains term in user costs and the use of sectoral balancing rates of return versus economy wide balancing rates of return.

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Year of publication:	2012-12-11
Authors:	Diewert, Erwin
Institutions:	Vancouver School of Economics
Subject:	Measurement of capital \| measurement of inventory change \| user costs \| real interest rates

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Extent:	application/pdf
Series:	Economics working papers.
Type of publication:	Book / Working Paper
Notes:	10 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011184354