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Capital Stocks, Capital Services and Multi-Factor Productivity Measures

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  • Paul Schreyer

Abstract

Capital services measures have long been recognised as the appropriate concept to capture capital input in production and productivity analysis. However, only few countries’ statistical agencies construct and publish such capital services measures. This paper describes capital services measures developed by OECD and presents estimation methods and results for the G7 countries. By way of example, the consequences of applying capital services measures instead of measures of gross or net capital stocks in the computation of rates of multi-factor productivity growth are examined for three countries, the United States, France and Australia ...

Suggested Citation

  • Paul Schreyer, 2004. "Capital Stocks, Capital Services and Multi-Factor Productivity Measures," OECD Economic Studies, OECD Publishing, vol. 2003(2), pages 163-184.
  • Handle: RePEc:oec:ecokaa:5lmqcr2jcl47
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    File URL: http://dx.doi.org/10.1787/eco_studies-v2003-art11-en
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    Cited by:

    1. Ester Gomes da Silva, 2010. "Capital services estimates in Portuguese industries, 1977–2003," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 9(1), pages 35-74, April.
    2. repec:spr:soinre:v:133:y:2017:i:3:d:10.1007_s11205-016-1394-2 is not listed on IDEAS
    3. Kamil Makieła, 2009. "Economic Growth Decomposition. An Empirical Analysis Using Bayesian Frontier Approach," Central European Journal of Economic Modelling and Econometrics, CEJEME, vol. 1(4), pages 333-369, December.
    4. Dana Hajkova, 2008. "The Measurement of Capital Services in the Czech Republic," Working Papers 2008/11, Czech National Bank, Research Department.

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