The Measurement of Capital
University of Chicago Press, 1980
Cloth: 978-0-226-84300-1 | Electronic: 978-0-226-84302-5
DOI: 10.7208/chicago/9780226843025.001.0001
Cloth: 978-0-226-84300-1 | Electronic: 978-0-226-84302-5
DOI: 10.7208/chicago/9780226843025.001.0001
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ABOUT THIS BOOKAUTHOR BIOGRAPHYTABLE OF CONTENTS
ABOUT THIS BOOK
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.
AUTHOR BIOGRAPHY
Dan Usher teaches in the Department of Economics at Queen's University, Kingston, Ontario. He is the author of The Price Mechanism and Meaning of National Income Statistics and The Measurement of Economic Growth.
TABLE OF CONTENTS
Prefatory Note
Introduction
1. Estimation of Capital Stock in the United States
2. Economic Depreciation and the Taxation of Structures in United States Manufacturing Industries: An Empirical Analysis
3. Alternative Measures of Capital and Its Rate of Return in United States Manufacturing
4. New Books on the Measurement of Capital
5. Capital Gains and Income: Real Changes in the Value of Capital in the United States, 1946–77
6. Measurement of Income and Product in the Oil and Gas Mining Industries
7. The Measurement of Capital Aggregates: A Postreswitching Problem
8. Aggregation Problems in the Measurement of Capital
List of Contributors
Author Index
Subject Index