Rates of Return and Capital Aggregation, Using Alternative Rental Prices (Classic Reprint) - Couverture souple
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Présentation de l'éditeur
CfiPIT ft LftGGREGOTION USING ftLTERNOTIVE RENTAL PRICES by Michael J. Harper Ernst R. Berndt David 0. Wood November 1985 (R evised, January 1987) The author are, rempectively, Economist, U. S. Bureau of Labor Statistics, Office of Productivity and Technology; Profesor of Applied Economics, MITS loan School of Management Jand Senior Lecturer, MITS loan School of Management. The opinions expressed herein are those of the authors, and are not necessarily those of the institutions with which they are affiliated. This research has been sponsored by the BLS as part of its ongoing program in assessing methodological issues underlying productivity measurement. Special thanks to former BLS staff members William Waldorf and Charles R. Hulten, who offered valuable advice and suggestions during the formative stages of this project. The detailed comments of Edwin Dean, W. Erwin Diewert and ar anonymous referee are also gratefully acknowledged. ft first version of this paper was given at the John F. Kennedy School of Government, Harvard University, Program for Technology and Economic Policy Conference, 8N ovember 1985.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Rates of Return and Capital Aggregation, Using Alternative Rental Prices
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Paperback. Etat : New. Print on Demand. This book explores various methods to measure and value the input prices of capital in the context of multifactor productivity (MFP) measurement, a subject of crucial importance to economic theorists. Traditionally, capital input has been measured using its purchase price, a method which neglects depreciation and capital gains. The author shows how the expected rate of return and expected capital gains can be used as components in the rental price formula for capital assets to provide a more comprehensive measure of capital value over time. The author argues that correcting these historical shortcomings is crucial to understanding and measuring the complex dynamics of capital investment and productivity growth. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330666609_0
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330666609
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