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Definition: Productive capital stock
Category: OECD terminology
"Measuring Capital" Manual The productive capital stock is the stock of a particular type of asset after assets of different ages have been converted into standard efficiency units. "Measuring Productivity" Manual The stock of a particular, homogenous, asset expressed in "efficiency" units. The importance of the productive stock derives from the fact that it offers a practical tool to estimate capital services. Typically, the latter are assumed to be proportional to the former. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_capital_2001_en.pdf Measuring Productivity Manual (OECD 2001)
Source:
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001
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