The Measurement Of Capital

Download or read book The Measurement of Capital written by Dan Usher and published by University of Chicago Press. This book was released on 2008-04-15 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is real capital measured by government statistical agencies? How could this measure be improved to correspond more closely to an economist's ideal measure of capital in economic analysis and prediction? It is possible to construct a single, reliable time series for all capital goods, regardless of differences in vintage, technological complexity, and rates of depreciation? These questions represent the common themes of this collection of papers, originally presented at a 1976 meeting of the Conference on Income and Wealth.