Suchergebnisse

Measures of society's stock of fixed assets are necessary for describing production technology, evaluating capital-output ratios and analysing multifactor productivity. While recognizing the inherent difficulty of compiling capital stock estimates for an economy in which prices have long deviated from scarcity values, the authors use currently available materials to derive an improved time series of fixed capital stock for independent accounting units within Chinese state industry. They aim at producing new series that adhere as closely as possible to the standard national accounting concepts of gross domestic fixed capital formation and gross reducible fixed assets. (DÜI-Sen)