The Resource Double-counting of investment, Robert J. Barro

Double-counting of investment, Robert J. Barro

Label
Double-counting of investment
Title
Double-counting of investment
Statement of responsibility
Robert J. Barro
Creator
Contributor
Author
Issuing body
Publisher
Subject
Genre
Language
eng
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 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
Member of
Cataloging source
GZM
http://bibfra.me/vocab/lite/collectionName
HeinOnline American Enterprise Institute (AEI) Library
http://library.link/vocab/creatorName
Barro, Robert J.,
Index
no index present
LC call number
H11
LC item number
.N2434 no.25826 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • National Bureau of Economic Research,
  • American Enterprise Institute for Public Policy Research,
Series statement
NBER working paper series
Series volume
no. 25826
http://library.link/vocab/subjectName
  • Economic development
  • Gross domestic product
  • National income
  • Economic development
  • National income
Label
Double-counting of investment, Robert J. Barro
Instantiates
Publication
Note
"May 2019"
Bibliography note
Includes bibliographical references (pages 28-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1101179630
Extent
1 online resource (29 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
digital, PDF file
Specific material designation
remote
System control number
(OCoLC)1101179630
Label
Double-counting of investment, Robert J. Barro
Publication
Note
"May 2019"
Bibliography note
Includes bibliographical references (pages 28-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1101179630
Extent
1 online resource (29 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
digital, PDF file
Specific material designation
remote
System control number
(OCoLC)1101179630

Library Locations

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