publication . Preprint . 1995

Quarterly Aggregate Capital Input and the Cost of Capital for the

Subhash C. Sharma; Yijian He;
Open Access
  • Published: 20 Jun 1995
Abstract
It is the flow of capital services, instead of the capital stock, along with the flows of other inputs which is related to the flows of outputs in economic theory of cost and production. In applied research, quite often to capture the dynamic phenomena which occurs within a year, there is a need to use quarterly data which may not be captured by annual data. However, quarterly data on capital input and the cost of capital are not readily available. Thus, in this paper the quarterly real and nominal aggregate net capital stock, flow of capital services (capital input), and the user cost of capital are constructed from 1948:I to 1993:IV. In the aggregation of net ...
Subjects
ACM Computing Classification System: ComputingMilieux_GENERAL
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