Estimates of Capital Stocks for the States and Territories of Australia
S. Mikhailitchenko,
D.T. Gfyen and
C. Smith Additional contact information C. Smith: Department of Accounting, Finance and Economics, Griffith University, Nathan QLD 4111
Abstract:
Although capital stock data are potentially useful for a variety of reasoms, at present there are no official estimates of capital stocks at the state/territory level in Australia. This study contributes to filling this gap by providing estimates that are updated, extended and improved in comparison with those provided by previous (unofficial) research. The current study uses more information, including longer series of past data, to more satisfactorily derife estimates of the initial capital stocks into a number of categories, to better reflect the effects of different rates of depriciation.