Jump to ContentJump to Main Navigation
Measuring Capital in the New Economy$
Users without a subscription are not able to see the full content.

Carol Corrado, John Haltiwanger, and Daniel Sichel

Print publication date: 2005

Print ISBN-13: 9780226116129

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226116174.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 04 August 2021

Measuring Capital and Technology: An Expanded Framework

Measuring Capital and Technology: An Expanded Framework

Chapter:
(p.11) 1 Measuring Capital and Technology: An Expanded Framework
Source:
Measuring Capital in the New Economy
Author(s):

Carol Corrado

Charles Hulten

Daniel Sichel

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226116174.003.0002

This chapter provides guidance on what components of business spending should be included in measures of capital investment. It presents a model that defines capital investment as any outlay that is intended to increase future rather than current consumption should be treated as investment. This chapter explains that a significant portion of investment in traditional equipment and structures is excluded from the existing investment figures in U.S. national income and product accounts (NIPAs) and suggests that a move to recognize intangible capital might alter our understanding of the factors determining economic growth.

Keywords:   business spending, capital investment, U.S, NIPAs, intangible capital, economic growth

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.