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Double-counting of investment

Author

Listed:
  • Robert J. Barro

    (American Enterprise Institute)

Abstract

The double-counting issue implies overstatement of levels of gross domestic product and national income. A proposed alternative measure of product and income involves a form of full expensing for gross investment.

Suggested Citation

  • Robert J. Barro, 2019. "Double-counting of investment," AEI Economics Working Papers 1015856, American Enterprise Institute.
    • Handle: RePEc:aei:rpaper:1015856
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    Cited by:

    1. Burda, Michael C. & Zessner-Spitzenberg, Leopold, 2024. "Greenhouse Gas Mitigation and Price-Driven Growth in a Solow-Swan Economy with an Environmental Limit," IZA Discussion Papers 16771, IZA Network @ LISER.
    2. Duernecker, Georg & Herrendorf, Berthold & Valentinyi, Ákos, 2021. "The productivity growth slowdown and Kaldor’s growth facts," Journal of Economic Dynamics and Control, Elsevier, vol. 130(C).
    3. Valentinyi, Akos & Duernecker, Georg & Herrendorf, Berthold, 2020. "Measuring Aggregate Economic Activity," CEPR Discussion Papers 12300, C.E.P.R. Discussion Papers.
    4. Alexander Chudik & M. Hashem Pesaran & Ron P. Smith, 2023. "Revisiting the Great Ratios Hypothesis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(5), pages 1023-1047, October.
    5. Juan Carlos Parra‐Alvarez & Olaf Posch & Mu‐Chun Wang, 2023. "Estimation of Heterogeneous Agent Models: A Likelihood Approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(2), pages 304-330, April.
    6. Andy Atkeson, 2020. "Alternative Facts Regarding the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 167-180, August.

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    JEL classification:

    • A - General Economics and Teaching

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