The Measurement of Capital
Dan Usher
Apr 2008 · National Bureau of Economic Research Studies in Income and Wealth Kitabu cha 45 · University of Chicago Press
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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 represent the common themes of this collection of papers, originally presented at a 1976 meeting of the Conference on Income and Wealth.
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Dan Usher teaches in the Department of Economics at Queen's University, Kingston, Ontario. He is the author of The Price Mechanism and Meaning of National Income Statistics and The Measurement of Economic Growth.
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