Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …

From an engineering perspective, a capital good’s service is energy conversion - e.g., the physical 'work' done by a … the utilization of the capital stock better. In a growth accounting exercise, this results in higher TFP growth rates …