This Manual clarifies the conceptual issues concerning stocks and flows of fixed capital and provides practical guidelines for estimation. The Manual also deals with the definition and measurement of qcapital servicesq which measure the contribution of capital assets into the production process.7.21 With geometric depreciation, the market value in constant prices is assumed to decline at a constant rate in each period. ... the written down value of the asset in the period t-1 by the depreciation factor, R/T. There are several ways of calculating ... R values that range from 0.8892 for most office and commercial buildings to 2.2664 for federal government vehicles. ... the case that a group of assets installed in a given year will continue contributing to production in all future periods.
|Title||:||Measuring Capital -- OECD Manual Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services|
|Publisher||:||OECD Publishing - 2001-06-15|