undervalue the fundamental value of installed capital. We also provide a new interpretation of Japanese stock market phenomena … correctly valued. Changes in the reproducible cost of intangible capital play an important role in our new interpretation. …

European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect …&D, mineral exploration and artistic originals), suggest that capital deepening is the main driver of growth, with tangibles and … boundary to the intangible assets not included in the national accounts (Corrado, Hulten and Sichel (2005)) makes capital …

purchase of durable goods as investments and thus, the treatment of durables as capital assets conceptually does not differ … and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting …

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 …

productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock … quantitative extent of capital measurement error when the initial condition is unknown to the analyst and when capacity utilization … and depreciation are endogenous. We propose two alternative measurements which eliminate capital stocks from the …

could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second … addition existing physical capital and labour. In our measure this is the contribution to GDP growth of market sector … investment in knowledge (or intangible) capital. This contribution is measured from company spending on knowledge …