Abstract
For a National Statistical Office the main purpose of measuring the value of the capital stock is to provide a basis for the calculation of consumption of fixed capital. The most common way to estimate it is an indirect one, the so called “perpetual inventory method.” On the other hand, the Economic Censuses provides valuable observed data on flows and stocks related to capital. Not only from a theoretical point of view, but also in terms of its implementation, both approaches are full of obstacles. Our aim is to analyze capital records collected in the most recent US and Mexican Economic Censuses and to offer a simple suggestion to improve its measurement.
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