A Benchmark Estimate for the Capital Stock. An Optimal Consistency Method

J.M. Albala-Bertrand

No 434, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: There are alternative methods to estimate a capital stock for a benchmark year. These methods, however, do not allow for an independent check, which could establish whether the estimated benchmark level is too high or too low. I propose here an optimal consistency method (OCM), which may allow estimating a capital stock level for a benchmark year and/or checking the consistency of alternative estimates of a benchmark capital stock.

Keywords: Benchmark capital; Perpetual inventory method (PIM); Optimal consistency method (OCM) (search for similar items in EconPapers)
JEL-codes: B4 O4 (search for similar items in EconPapers)
Date: 2001-02-01
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:434

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