skip to content
Double-counting of investment Preview this item
ClosePreview this item
Checking...

Double-counting of investment

Author: Robert J Barro; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2019.
Series: Working paper series (National Bureau of Economic Research), no. 25826.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The national income and product accounts double-count investment, which enters once when it occurs and again in present value when the cumulated capital leads to more rental income. From the perspective of resources available intertemporally for consumption, the double-counting issue implies over-statement of levels of GDP and national income. There is also exaggeration of capital-income shares. A proposed  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert J Barro; National Bureau of Economic Research,
OCLC Number: 1101179630
Notes: "May 2019"
Description: 1 online resource (29 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 25826.
Responsibility: Robert J. Barro.

Abstract:

The national income and product accounts double-count investment, which enters once when it occurs and again in present value when the cumulated capital leads to more rental income. From the perspective of resources available intertemporally for consumption, the double-counting issue implies over-statement of levels of GDP and national income. There is also exaggeration of capital-income shares. A proposed alternative measure of product and income involves a form of full expensing for gross investment. In the steady state, revised product and income correspond to consumption. Outside of the steady state, the measure deviates from consumption because full expensing relates to the long-run flow of gross investment, not the current flow. At a practical level, the new concept requires only an extension from the standard depreciation rate to an effective rate that adds in the economy’s expected long-run rate of economic growth.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1101179630> # Double-counting of investment
    a schema:Book, schema:MediaObject, schema:CreativeWork ;
    library:oclcnum "1101179630" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/9110772899#Topic/economic_development> ; # Economic development
    schema:about <http://experiment.worldcat.org/entity/work/data/9110772899#Topic/national_income_accounting> ; # National income--Accounting
    schema:about <http://experiment.worldcat.org/entity/work/data/9110772899#Topic/gross_domestic_product_economic_aspects> ; # Gross domestic product--Economic aspects
    schema:author <http://experiment.worldcat.org/entity/work/data/9110772899#Person/barro_robert_j> ; # Robert J. Barro
    schema:bookFormat schema:EBook ;
    schema:datePublished "2019" ;
    schema:description "The national income and product accounts double-count investment, which enters once when it occurs and again in present value when the cumulated capital leads to more rental income. From the perspective of resources available intertemporally for consumption, the double-counting issue implies over-statement of levels of GDP and national income. There is also exaggeration of capital-income shares. A proposed alternative measure of product and income involves a form of full expensing for gross investment. In the steady state, revised product and income correspond to consumption. Outside of the steady state, the measure deviates from consumption because full expensing relates to the long-run flow of gross investment, not the current flow. At a practical level, the new concept requires only an extension from the standard depreciation rate to an effective rate that adds in the economy’s expected long-run rate of economic growth."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/9110772899> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/9110772899#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/9110772899#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:name "Double-counting of investment"@en ;
    schema:productID "1101179630" ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/9110772899#Organization/national_bureau_of_economic_research> ; # National Bureau of Economic Research,
    schema:url <http://www.nber.org/papers/w25826> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1101179630> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/9110772899#Organization/national_bureau_of_economic_research> # National Bureau of Economic Research,
    a schema:Organization ;
    schema:name "National Bureau of Economic Research," ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Person/barro_robert_j> # Robert J. Barro
    a schema:Person ;
    schema:familyName "Barro" ;
    schema:givenName "Robert J." ;
    schema:name "Robert J. Barro" ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1101179630> ; # Double-counting of investment
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1101179630> ; # Double-counting of investment
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Topic/economic_development> # Economic development
    a schema:Intangible ;
    schema:name "Economic development"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Topic/gross_domestic_product_economic_aspects> # Gross domestic product--Economic aspects
    a schema:Intangible ;
    schema:name "Gross domestic product--Economic aspects"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/9110772899#Topic/national_income_accounting> # National income--Accounting
    a schema:Intangible ;
    schema:name "National income--Accounting"@en ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.