Capital Service Flows: Concepts and Comparisons of Alternative Measures in U.S. Agriculture

Measures of capital services are used in studies of production and to inform policies related to growth and development. A variety of methods have been used to measure capital stocks and service flows. In this study we review methods commonly used to measure capital service flows, and outline important assumptions used in constructing such measures. We examine two recently constructed data sets that measure capital inputs in U.S. agriculture. Substantial differences in the measures appear to have been caused by the use of a fixed real interest rate versus a variable real market interest rate to calculate capital services.


Issue Date:
2009-05
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/50098
Total Pages:
37
Series Statement:
Staff Paper P09-8
InSTePP Paper 09-03




 Record created 2017-04-01, last modified 2017-08-25

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