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Real Capital Input in OECD Agriculture: A Multinational Comparison

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorSan Juan, Carloses
dc.contributor.authorBall, V. Eldones
dc.contributor.authorButault, Jean-Pierrees
dc.contributor.authorNehring, Richardes
dc.contributor.otherUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.date.accessioned2015-01-28T12:44:00Z
dc.date.available2015-01-28T12:44:00Z
dc.date.issued2015-01-01es
dc.description.abstractThis paper provides a farm sector comparison of relative levels of capital input for seventeen OECD countries for the period 1973-2011. The starting point for construction of a measure of capital input is the measurement of capital stock. Estimates of depreciable capital are derived by representing capital stock at each point of time as a weighted sum of past investments. The weights correspond to the relative efficiencies of capital goods of different ages, so that the weighted components of capital stock have the same efficiency. The capital stocks of land are measured as implicit quantities derived from balance sheet data. We convert estimates of capital stock into estimates of capital service flows by means of capital rental prices. Implicit rental prices for each asset are based on the correspondence between the purchase price of the asset and the discounted value of future service flows derived from that asset. Finally, comparisons of levels of capital input among countries require data on relative prices of capital input. We obtain relative price levels for capital input via relative investment goods prices, taking into account the flow of capital input per unit of capital stock in each country.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031es
dc.identifier.repecwe1501
dc.identifier.urihttps://hdl.handle.net/10016/19957
dc.identifier.uxxiDT/0000001319es
dc.relation.ispartofseriesUC3M Working papers. Economicsen
dc.relation.ispartofseries15-01es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 Españaes
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/en
dc.titleReal Capital Input in OECD Agriculture: A Multinational Comparisonen
dc.typeworking paper*
dspace.entity.typePublication
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