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The Measurement of Capital: Volume 45 (Studies in Income and Wealth, Band 45) - Hardcover

 
9780226843001: The Measurement of Capital: Volume 45 (Studies in Income and Wealth, Band 45)

Inhaltsangabe

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.

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Über die Autorin bzw. den Autor

Dan Usher teaches in the Department of Economics at Queen's University, Kingston, Ontario. He is the author ofThe Price Mechanism and Meaning of National Income Statistics and The Measurement of Economic Growth.

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The first paper in the volume is an analytical survey of the methods used to construct the official time series of the real capital of the United States. Subsequent essays consider how the statistical procedure might be revised.

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