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dc.contributor.authorRaknerud, Arvid
dc.contributor.authorRønningen, Dag
dc.contributor.authorSkjerpen, Terje
dc.date.accessioned2011-11-24T12:35:34Z
dc.date.available2011-11-24T12:35:34Z
dc.date.issued2007
dc.identifier.issn1892-753x
dc.identifier.urihttp://hdl.handle.net/11250/180507
dc.description.abstractAbstract: 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, Depreciationno_NO
dc.language.isoengno_NO
dc.publisherStatistics Norway, Research Departmentno_NO
dc.relation.ispartofseriesDiscussion Papers;No. 365
dc.subjectCapital measurementno_NO
dc.subjectEstimating methodsno_NO
dc.subjectInvestment datano_NO
dc.subjectJEL classification: C13no_NO
dc.subjectJEL classification: C23no_NO
dc.subjectJEL classification: D24no_NO
dc.subjectJEL classification: E22no_NO
dc.subjectJEL classification: M40no_NO
dc.titleA method for improved capital measurement by combining accounts and firm investment data. A revised versionno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO
dc.source.pagenumber36 s.no_NO


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