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For more than fifty years, the Solow decomposition (Solow 1957) has served as the standard measurement of total factor … quantitative extent of capital measurement error when the initial condition is unknown to the analyst and when capacity utilization … and depreciation are endogenous. We propose two alternative measurements which eliminate capital stocks from the …
Persistent link: https://www.econbiz.de/10003770644
and depreciation. In this paper the theory is set out and reviewed. The paper finds that the theory is quite robust and …Neo-classical theory provides an integrated framework by means of which we can measure capital stocks, capital services … of aggregate wealth, aggregate capital services and aggregate depreciation for the United Kingdom between 1979 Q1 and …
Persistent link: https://www.econbiz.de/10014073685
Persistent link: https://www.econbiz.de/10003828539
produce updated estimates of net wealth stocks and depreciation. Major components of highways and streets other than pavement … engineering-based depreciation patterns are very dissimilar to the BEA patterns. The engineering-based net wealth pavement stock … depreciation patterns fall from an efficiency level of about 0.055 to zero after 20 years of life; the BEA Hulten-Wykoff-based net …
Persistent link: https://www.econbiz.de/10014584337
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem … der aggregierte Kapitaleinsatz der Unternehmen erkennbar stärker zu als der amtlich ausgewiesene Kapitalstock. In der … von diesem Methodenunterschied indessen nicht wesentlich beeinflusst. -- Kapitalstock ; Aggregation ; Produktionsfunktion …
Persistent link: https://www.econbiz.de/10009507094
A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
Persistent link: https://www.econbiz.de/10009507101
This paper provides an overview of the currently available evidence on the importance of information and communication technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence of an increased contribution of ICT to...
Persistent link: https://www.econbiz.de/10013320252
Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest that as much as $800 billion is still excluded from U.S. published data (as of 2003), and that this leads to the exclusion of more...
Persistent link: https://www.econbiz.de/10012732623
Nighttime lights data are a measure of economic activity whose measurement error is plausibly independent of the errors …
Persistent link: https://www.econbiz.de/10011484020
We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply...
Persistent link: https://www.econbiz.de/10003811075