G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w25826
来源IDWorking 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
URLhttps://www.nber.org/papers/w25826
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583498
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GB/T 7714
Robert J. Barro. Double-Counting of Investment. 2019.
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