A method for improved capital measurement by combining accounts and firm investment data. A revised version
dc.contributor.author | Raknerud, Arvid | |
dc.contributor.author | Rønningen, Dag | |
dc.contributor.author | Skjerpen, Terje | |
dc.date.accessioned | 2011-11-24T12:35:34Z | |
dc.date.available | 2011-11-24T12:35:34Z | |
dc.date.issued | 2007 | |
dc.identifier.issn | 1892-753x | |
dc.identifier.uri | http://hdl.handle.net/11250/180507 | |
dc.description.abstract | Abstract: 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 account for firms with missing data. Our approach has two major advantages compared with the much used Perpetual Inventory Method (PIM). First, long investment series are not necessary. Second, sector capital estimates are automatically adjusted for changes in the capital stock because of entry and exit of firms. While capital growth rates in Norwegian manufacturing were only 1 percent on average during 1993--2004 according to national accounts figures, our method yields much higher growth rates of 5.5 percent on average. Keywords: Capital measurement, Accounts data, Firm panel data, Net capital stocks, Depreciation | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Statistics Norway, Research Department | no_NO |
dc.relation.ispartofseries | Discussion Papers;No. 365 | |
dc.subject | Capital measurement | no_NO |
dc.subject | Estimating methods | no_NO |
dc.subject | Investment data | no_NO |
dc.subject | JEL classification: C13 | no_NO |
dc.subject | JEL classification: C23 | no_NO |
dc.subject | JEL classification: D24 | no_NO |
dc.subject | JEL classification: E22 | no_NO |
dc.subject | JEL classification: M40 | no_NO |
dc.title | A method for improved capital measurement by combining accounts and firm investment data. A revised version | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |
dc.source.pagenumber | 36 s. | no_NO |
Files in this item
This item appears in the following Collection(s)
-
Discussion Papers [1003]