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We propose a new method for estimating capital stocks at the firm level by combining business accounts information and investment data. The method also produces capital estimates at the sector or industry level by summing individual firms' capital stocks and appropriately inflating this sum to...
Persistent link: https://www.econbiz.de/10011968135
In the Norwegian national accounts, as in many other countries, it is quite common to use information on depreciation … different types of capital assets and their assessments of the most realistic depreciation profiles. For some capital categories … depreciation profiles, and carry out an econometric analysis for two types of capital where second-hand markets exist, Machinery …
Persistent link: https://www.econbiz.de/10011968610
Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices are considered. Focus is on both capital stock values and capital service values. If the definitions and ways of measuring prices and quantities are not conformable, a third...
Persistent link: https://www.econbiz.de/10011968288
Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices are considered. Focus is on both capital stock values and capital service values. If the definitions and ways of measuring prices and quantities are not conformable, a third...
Persistent link: https://www.econbiz.de/10004980688
The paper considers how to measure capital in a model where technical progress is either embodied in new units of capital or it is "disembodied" and simply causes the price of capital services to fall. The disembodied case is considered in sections 2-4. Sections 2 and 3 set out standard vintage...
Persistent link: https://www.econbiz.de/10004977094
The decline in the service flow from a stock of capital goods with age, due to the physical retirement of capital units and to the gradual loss of efficiency of each unit remaining, can be described by survival curves and efficiency curves. The paper reconsiders the relationship between these...
Persistent link: https://www.econbiz.de/10014206483
rate of return) exists for every project which maps depreciation classes into rates of return. The various shapes a rate of … from the (implicit or explicit) selection of different depreciation patterns. To single out the appropriate rate of return … for a project, auxiliary assumptions are needed regarding the project's capital depreciation. This involves value judgment …
Persistent link: https://www.econbiz.de/10012962027
This study is aimed at developing and validating an index designed to measure the level of social disclosure of external social programmes implemented by firms listed on the Brazilian stock market. Based on Ramanathan (1976), Haydel (1989) and Hammond and Miles (2004), the index of social...
Persistent link: https://www.econbiz.de/10013108391
This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of private firms in Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit markets. Special emphasis is put on small...
Persistent link: https://www.econbiz.de/10011341025
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic variances has been used for the estimation of...
Persistent link: https://www.econbiz.de/10010267745