IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v35y1989i2p133-149.html
   My bibliography  Save this article

Gross And Net Capital, And The Form Of The Survival Function: Theory And Some Norwegian Evidence

Author

Listed:
  • Erik Biørn
  • Erling Holmøy
  • øYstein Olsen

Abstract

In this paper we discuss the empirical measurement of capital stocks derived from data on gross investment. Two capital concepts are involved: gross capital‐representing the capital's capacity dimension‐and net capital–representing its wealth dimension. A brief summary of their components is presented. The data base consists of long series of Norwegian national accounts data for gross investment at a disaggregated level of sector classification and for 1–3 capital categories within each sector. Survival functions, representing the process of retirement and decline in efficiency of capital units over time, with different curvature (concave, convex) and non‐zero interest rates for the discounting of future capital service flows are considered. The effects of these parameters on the calculated gross and net capital stocks in the years 1956–82 as well as on the implied replacement and depreciation rates and rates of return are discussed.

Suggested Citation

  • Erik Biørn & Erling Holmøy & øYstein Olsen, 1989. "Gross And Net Capital, And The Form Of The Survival Function: Theory And Some Norwegian Evidence," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 35(2), pages 133-149, June.
    • Handle: RePEc:bla:revinw:v:35:y:1989:i:2:p:133-149
    DOI: 10.1111/j.1475-4991.1989.tb00586.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4991.1989.tb00586.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4991.1989.tb00586.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. McAdam, Peter & Willman, Alpo, 2004. "Production, supply and factor shares: an application to estimating German long-run supply," Economic Modelling, Elsevier, vol. 21(2), pages 191-215, March.
    2. McAdam, Peter & Willman, Alpo, 2003. "New Keynesian Phillips Curves: a reassessment using euro-area data," Working Paper Series 265, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:35:y:1989:i:2:p:133-149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.