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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
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
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010374120
The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its … bridge work, and apply separate depreciation rates to each type to produce updated estimates of net wealth stocks and … depreciation. Relative to published BEA estimates, constant-price depreciation is revised up by about $9–$12 billion annually in …
Persistent link: https://www.econbiz.de/10014584324
We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom of choice, absence of corruption, and generosity)...
Persistent link: https://www.econbiz.de/10013431350
Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given …
Persistent link: https://www.econbiz.de/10011704209
measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …
Persistent link: https://www.econbiz.de/10011543578
We show that the welfare of a country's infinitely-lived representative consumer is summarized, to a first order, by total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a country, as well as welfare differences across...
Persistent link: https://www.econbiz.de/10009535843
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011845732
. -- Stiglitz Commission ; Stiglitz Report ; Beyond GDP ; welfare measurement ; life satisfaction …
Persistent link: https://www.econbiz.de/10009125637