Economic Measurement of Capital and Profitability

F.J. Escriba-Perez and José Ruiz-Tamarit
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F.J. Escriba-Perez: Universitat de València

No 1995011, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: In this paper, we intend to offer a critical view of the different concepts of capital and of the different methods which are used to measure it. At the same time, we propose an endogenous approach which tries to measure the capital stock in terms of value, explicitly referring to depreciation as an economic variable decided by the firm. Applying this procedure to the Spanish macroeconomic data, we observe a big destruction since the mid-seventies which is not mentioned in official statistics.

Pages: 31
Date: 1994-04-01, Revised 1995-03
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Working Paper: Economic Measurement of Capital and Profitability (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1995011

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