Alternative Methods for Measuring of Fixed Capital
Bibliographic Data
| ID | 6109161 |
|---|---|
| Authors | Igor Krejčí (0000-0003-2723-7289), Jaroslav Sixta (0000-0002-4629-4679) |
| Year | 2012 |
| Volume | 60 |
| Issue | 6 |
| Pages | 780-800 |
| Publication date | 2012-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.877 |
| OpenAlex | W2332831985 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
The article focuses on alternative approaches of fixed capital measurement. The official direct estimation for Czech economy is based on straight line depreciation profile. This article presents the results based on the application of geometric depreciation profile on appropriate types of assets. Alternative consumption and net stock of fixed assets are presented. The impact on GDP of such changes is evaluated. New model of perpetual inventory method is transformed to Markov chain. Such transformation leads to easy estimation of average age of fixed assets. Such estimation is suitable for asset with short average service lives. The article presents average age for machinery and equipment. All calculations focus on development between 1995 and 2010
Asset (computer security) · Capital asset · Capital formation · Consumption (sociology) · Consumption of fixed capital · Depreciation (economics) · Econometrics · Economics · Estimation · Financial capital · Fixed asset · Fixed capital · Gross domestic product · Gross fixed capital formation · Macroeconomics · Markov chain · Microeconomics · Production (economics) · Computer Science · Economic and Fiscal Studies · Economic Growth and Productivity · Finance · Insurance, Mortality, Demography, Risk Management
| Citations per year | 0.08 |
|---|---|
| Citation span | 2014 - 2014 (1) |
| Highly cited | No |