Capital Input Cost

Bert Balk

Chapter Chapter 3 in Productivity, 2021, pp 65-92 from Springer

Abstract: Abstract Unlike labour productivity change, the measurement of total factor productivity change (or difference) crucially depends on the measurement and decomposition of capital input cost. This chapter discusses in detail the basics of its measurement and shows that one can dispense with the usual neo-classical assumptions. Various models are reviewed, as well as the role played by the ‘rate of return’.

Keywords: Capital services; Capital stock; User cost; Depreciation; Revaluation; Rate of return; Decomposition; Aggregation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-75448-8_3

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DOI: 10.1007/978-3-030-75448-8_3

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