The DOI matches its Crossref record.
Measuring Capital and Technology: An Expanded Framework
Abstract
This chapter provides guidance on what components of business spending should be included in measures of capital investment. It presents a model that defines capital investment as any outlay that is intended to increase future rather than current consumption should be treated as investment. This chapter explains that a significant portion of investment in traditional equipment and structures is excluded from the existing investment figures in U.S. national income and product accounts (NIPAs) and suggests that a move to recognize intangible capital might alter our understanding of the factors determining economic growth.
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Citations
Cited by
Financial Frictions and the Great Productivity Slowdown
Duval, R., Hong, G. H., & Timmer, Y. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz063 · Cited by 180
Metadata
- Authors
- Corrado, C., Hulten, C., & Sichel, D.
- Venue
- Measuring Capital in the New Economy
- Publisher
- University of Chicago Press
- Published
- 2005
- Pages
- 11-46
- OpenAlex
- W4254459128
- Cited by
- 317
- References
- 0
- FWCI
- 9.24
- Type
- book chapter
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
