Jalava, Jukka (contributor); … - 2008
and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … consumer durables 13
3.3 Estimation of output and value added 15
4 Results
5 Conclusions
6 References 21
European Central …