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Measuring Capital Stocks and Capital Services in Switzerland

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  • Barbara Rudolf
  • Mathias Zurlinden

Abstract

This paper presents estimates of the aggregate net (welath) capital stock and of aggregate capital services for Switzerland. We derive these estimates in a consistent way using the perpetual inventory method. Due to changes in data availability, the time series cover the period 1970-2005 for the 2-asset breakdown (equipment and structures) and 1990-2005 for the 12-asset breakdown (nine categories of equipment and three of structures). The sensitivity of the results is examined by varying the assumptions on the initial capital stocks, the length of asset lives, the method to calculate service prices, and the choice of ICT deflators.

Suggested Citation

  • Barbara Rudolf & Mathias Zurlinden, 2009. "Measuring Capital Stocks and Capital Services in Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 145(I), pages 61-105, March.
    • Handle: RePEc:ses:arsjes:2009-i-3
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    References listed on IDEAS

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    1. Christophe Kamps, 2006. "New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960-2001," IMF Staff Papers, Palgrave Macmillan, vol. 53(1), pages 1-6.
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    7. Nicholas Oulton & Sylaja Srinivasan, 2003. "Capital stocks, capital services, and depreciation: an integrated framework," Bank of England working papers 192, Bank of England.
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    Cited by:

    1. Barbara Rudolf & Mathias Zurlinden, 2010. "Productivity and Economic Growth in Switzerland 1991-2006," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 146(III), pages 577-600, September.
    2. Baldi, Guido & Pons, Martina, 2019. "The Evolution of Factor Shares: Evidence from Switzerland," GLO Discussion Paper Series 324, Global Labor Organization (GLO).
    3. Elizabeth Steiner, 2010. "Estimating a Stock-Flow Model for the Swiss Housing Market," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 146(III), pages 601-627, September.
    4. Passas, Costas, 2023. "Standardized capital stock estimates for the Greek economy 1948–2020," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 236-244.
    5. Ensar Yilmaz & İbrahim Engin Kiliç, 2021. "Estimating Firm‐Level Capital Stock: The Evidence From Turkey," The Developing Economies, Institute of Developing Economies, vol. 59(4), pages 371-404, December.

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    More about this item

    Keywords

    capital stock; capital services; ICT goods;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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