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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w25826 |
来源ID | Working Paper 25826 |
Double-Counting of Investment | |
Robert J. Barro | |
发表日期 | 2019-05-13 |
出版年 | 2019 |
语种 | 英语 |
摘要 | The national-income accounts double-count investment, which enters once when it occurs and again in present value as rental income on added capital. The double-counting implies over-statement of levels of GDP and national income. Across countries, those with higher propensities to invest artificially look richer gauged by per capita GDP. There is also exaggeration of capital-income shares. An alternative measure involves a form of full expensing of 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 applies to the long-run flow of gross investment. |
主题 | Macroeconomics ; Consumption and Investment |
URL | https://www.nber.org/papers/w25826 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583498 |
推荐引用方式 GB/T 7714 | Robert J. Barro. Double-Counting of Investment. 2019. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w25826.pdf(427KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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