Capital - in particular of the physical sort - plays several roles in economic life:
it constitutes wealth and it it provides services in production processes. Capital
is invested, disinvested and it depreciates and becomes obsolescent and there is a
question how to measure all these dimensions of capital in industry and national accounts.
This revised Capital Manual is a comprehensive guide to the approaches toward capital
measurement. It gives statisticians, researchers and analysts practical advice while
providing theoretical background and an overview of the relevant literature. The manual
comes in three parts - a first part with a non-technical description with the main
concepts and steps involved in measuring capital; a second part directed at implementation
and a third part outlining theory and a more complete mathematical formulation of
the measurement process.
Preface |
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Acknowledgements |
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Executive Summary |
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Context, Purpose and Scope of the Manual |
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Annex A |
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Annex B |
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annex C |
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Annex D |
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Glossary |
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Capital Stocks and Capital Services – Concepts7 chapters available
Introduction |
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How asset values are determined |
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Asset Retirement and the Gross Capital Stock |
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Depreciation or Consumption of Fixed Capital |
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Net (“Wealth”) Capital Stock |
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Productive Stock and Capital Services |
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User Costs |
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Measuring Capital Stocks and Capital Services - Implementation10 chapters available
Scope of Capital Measurement and Classifications |
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The Perpetual Inventory Method – Overview |
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Age-efficiency Profiles |
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Age-price and Depreciation Profiles |
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Service Lives and Retirement of Assets |
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Gross Fixed Capital Formation |
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Computing Net, Gross and Productive Capital Stocks and Depreciation |
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Estimating Rates of Return |
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Aggregation Across Assets and Industries |
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Special Issues in Capital Measurement |
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Capital Stocks and Capital Services – Theory1 chapter available
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