Estimates of Fixed Reproducible Tangible Assets in the Republic of Korea, 1953~1996

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제목Estimates of Fixed Reproducible Tangible Assets in the Republic of Korea, 1953~1996

설명In the present study, I have adopted the core definition of capital which is the narrowest one among alternative definitions. It includes only fixed reproducible tangible assets such as residential and nonresidential structures definition of capital is to minimize potential errors in imputations and to improve estimation methods by distinguishing net stocks and gross stocks in a more consistent way. The paper is organized as follows. Section 2 revisits the capital debate and adopts the core definition as the working definition of capital following Mamalakis(1992). Section 3 reviews comparative alternative estimation methods and treatment of national income data by OECD, BEA of the United States and the National Wealth Survey in Korea. The estimation method in the present paper is outline in detail in Section 4 which links benchmark estimates of National Wealth Surveys with national income accounts data on capital formations in fixed reproducible tangible assets in both constant and current prices with quarterly industry-wide estimates are presented and a comparison is made with other earlier estimates in the last section.

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날짜1998-12-01

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연관링크http://www.kdi.re.kr/research/subjects_view.jsp?pub_no=969