. -- aggregation of production functions ; distribution of capital and labor ; firm heterogeneity ; growth accounting ; structural … capital and labor, but also on changes in the allocation of these inputs across firms. As the latter effects are neglected in … that changes in allocation of capital and labor have pronounced effects on GDP-growth for most European countries. Further …

A detailed treatment of aggregation and capital heterogeneity substantially improves the performance of the investment … capital. The model fits well the value, momentum, investment, and profitability premiums simultaneously and partially explains … level to match with portfolio-level stock returns. Working capital forms a separate productive input besides physical …

The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates … the interest rate and the capital's age? In discussing these issues, five related quantity variables and five related …

economic capital. If we consider a business that faces a total random loss S over a given one-year horizon then economic … capital is traditionally defined as the difference between the 99.97% percentile of S and its expectation. The standard … facilitates the computation of the total aggregated economic capital.In this paper we show that this approach also holds for a …

This paper traces the idea of Capital from Adam Smith to modern times and shows how different conceptions of Capital … to a stock, approach to Capital is shown to be more conducive to a studies of business institutions and practices, and to …