Comment on Estimating Capital Input for Measuring Canadian Multifactor Productivity Growth
Walter Diewert
Economics working papers from Vancouver School of Economics
Abstract:
The paper lays out the algebra behind the Diewert-Yu capital services methodology and the corresponding methodology used by the Statistics Canada Canadian Productivity Program. The large differences in the estimates can mainly be explained by different treatments of the expected capital gains term in user costs and the use of sectoral balancing rates of return versus economy wide balancing rates of return.
Keywords: Measurement of capital; measurement of inventory change; user costs; real interest rates (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012-12-11, Revised 2012-12-11
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Persistent link: https://EconPapers.repec.org/RePEc:ubc:bricol:erwin_diewert-2012-36
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