publication . Preprint . Report . 2003

Measuring Capital

W. Erwin Diewert;
Open Access
  • Published: 01 Mar 2003
The paper revisits Harper, Berndt and Wood (1989) and calculates Canadian reproducible capital services aggregates under alternative assumptions about the form of depreciation, the opportunity cost of capital and the treatment of capital gains. Five different models of depreciation are considered: (1) one hoss shay; (2) straight line depreciation; (3) declining balance or geometric depreciation; (4) linearly declining efficiency profiles and (5) linearly increasing maintenance profiles. The latter form of depreciation does not seem to have been considered in the literature before. This model assumes that there is a known time profile of maintenance expenditures ...
free text keywords: jel:C43, jel:C82
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