ESCRIBÁ-PÉREZ, Francisco JAVIER; RUIZ-TAMARIT, José … - Institut de Recherche Économique et Sociale (IRES), … - 1995
In this paper, we intend to offer a critical review of the different concepts of capital and the different methods which are used to measure it. At the same time, we propose an endogenous approach which tries to measure the capital stock in terms of value, explicitly referring to depreciation as...