An economic estimate of capital stock at the firm level for Portugal

Manuel Pereira and Ana Fontoura Gouveia

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: In this paper, we propose a methodology to compute series for the tangible capital stock of Portuguese firms along with consistent flows in the period 2006-2020. We benefit from the richness of the accounting data at the micro level, which encompass detailed information about flows and stocks by asset category, making use of a modified version of the Perpetual Inventory Method to take into account the specificities of the data. In particular, given the change in the accounting standards in 2010 with the switchover from POC to SNC, we develop a strategy to overcome this break in the balance sheet data. We conclude with a comparison of our derived measure with the accounting series, and provide a brief overview of the evolution of capital stocks and flows of Portuguese firms over the period covered.

Date: 2022
New Economics Papers: this item is included in nep-acc
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.bportugal.pt/sites/default/files/anexos/papers/op202204.pdf

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:ptu:wpaper:o202204

Access Statistics for this paper

More papers in Working Papers from Banco de Portugal, Economics and Research Department Contact information at EDIRC.
Bibliographic data for series maintained by DEE-NTD ().