Research Catalog

Title

Measuring capital in the new economy / edited by Carol Corrado, John Haltiwanger, and Daniel Sichel.

Publication

Chicago : University of Chicago Press, 2005.

Items in the Library & Off-site

Details

Additional Authors

• Corrado, Carol.
• Haltiwanger, John C.
• Sichel, Daniel E.
• Conference on Research in Income and Wealth.

Description

ix, 591 pages : illustrations; 24 cm.

Summary

"In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, these resources affect the economy in ways that are controversial and notoriously difficult to appraise." "In this detailed analysis of the problem and its solutions, the contributors study the nature of this economic challenge and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike."--BOOK JACKET.

Series Statement

Studies in income and wealth ; v. 65

Uniform Title

Studies in income and wealth ; v. 65.

Subject

• Capital > Statistical methods
• Capital investments > Statistical methods
• Capital productivity > Statistical methods

Note

• Papers presented at a conference at the Federal Reserve Board in Washington, D.C, held in Apr. 2002 by the Conference on Research in Income and Wealth of the National Bureau of Economic Research.

Bibliography (note)

• Includes bibliographical references and indexes.

Contents

Introduction / Carol Corrado, John Haltiwanger and Daniel Sichel -- 1. Measuring capital and technology : an expanded framework / Carol Corrado, Charles Hulten and Daniel Sichel -- Comment / Edward C. Prescott -- 2. A new approach to the valuation of intangible capital / Jason G. Cummins -- 3. The valuation of organization capital / Baruch Lev and Suresh Radhakrishnan -- Comment / Timothy F. Bresnahan -- 4. Intangible risk / Lars Peter Hansen, John C. Heaton and Nan Li -- Comment / Susanto Basu -- 5. The relation among human capital, productivity, and market value : building up from micro evidence / John M. Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney and Kristin Sandusky -- Comment / Katharine G. Abraham -- 6. Measuring organizational capital in the new economy / Sandra E. Black and Lisa M. Lynch -- Comment / Kathryn Shaw -- 7. Pharmaceutical knowledge-capital accumulation and longevity / Frank R. Lichtenberg -- Comment / Eric J. Bartelsman -- 8. R&D in the national income and product accounts : a first look at its effect on GDP / Barbara M. Fraumeni and Sumiye Okubo -- Comment / Bronwyn H. Hall -- 9. Communications equipment : what has happened to prices? / Mark Doms -- 10. Information-processing equipment and software in the national accounts / Bruce T. Grimm, Brent R. Moulton and David B. Wasshausen -- Comment / Barry Bosworth -- 11. Growth of U.S. industries and investments in information technology and higher education / Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh -- Comment / Michael J. Harper -- 12. Issues in the measurement of capital services, depreciation, asset price changes, and interest rates / W. Erwin Diewert -- Comment / Frank C. Wykoff -- Remarks / Robert E. Hall, Baruch Lev, Erik Brynjolfsson and Lorin Hitt.

ISBN

0226116123 (alk. paper)

LCCN

2005010524

OCLC

• ocm59002937
• SCSB-5204990

Owning Institutions

Columbia University Libraries