
Measurement of Capital
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How is real capital measured by government statistical agencies? How could this measure be improved to correspond more closely to an economist''s ideal measure of capital in economic analysis and prediction? It is possible to construct a single, reliable time series for all capital goods, regardless of differences in vintage, technological complexity, and rates of depreciation? These questions rep...
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How is real capital measured by government statistical agencies? How could this measure be improved to correspond more closely to an economist''s ideal measure of capital in economic analysis and prediction? It is possible to construct a single, reliable time series for all capital goods, regardless of differences in vintage, technological complexity, and rates of depreciation? These questions rep...
Read more