EconPapers    
Economics at your fingertips  
 

ESTIMATES OF CAPITAL STOCK BY INDUSTRIES FOR AUSTRIA*

Franz Hahn and Ingo Schmoranz

Review of Income and Wealth, 1984, vol. 30, issue 3, 289-307

Abstract: The present investigation is the first attempt to calculate gross capital stocks for 19 industries which together cover the whole Austrian economy. A production‐oriented concept of capital formed the basis of the investigation; the estimation procedure follows that of C. Almon et al. In contrast to the traditional perpetual‐inventory methods, Almon's modified estimation technique combines the advantages of differentiated cumulation containing a logistical retention function with relatively moderate requirements with respect to investment data. A thorough description of this estimation technique is given in the third section of the paper, combined with a number of comparative model calculations. These demonstrate very clearly that capital stock figures calculated according to the Almon method rarely deviate from those found with the help of the traditional inventory method, which requires considerably more information and uses more complicated calculation procedures. Finally, the sectorally disaggregated capital stock estimates calculated according to the Almon method are presented with some interpretative remarks.

Date: 1984
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.1475-4991.1984.tb00553.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:30:y:1984:i:3:p:289-307

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2022-09-27
Handle: RePEc:bla:revinw:v:30:y:1984:i:3:p:289-307