Measuring capital and technology an expanded framework by Carol Corrado

Cover of: Measuring capital and technology | Carol Corrado

Published by Federal Reserve Board in Washington, D.C .

Written in English

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Edition Notes

Book details

StatementCarol Corrado, Charles Hulten, and Daniel Sichel.
SeriesFinance and economics discussion series ;, 2004-65, Finance and economics discussion series (Online) ;, 2004-65.
ContributionsHulten, Charles R., Sichel, Daniel E.
Classifications
LC ClassificationsHG1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3390191M
LC Control Number2004617388

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Measuring Capital and Technology: An Expanded Framework Carol Corrado, Charles Hulten, and D aniel Sichel* April (Revised, August ) *Federal Reserve Board, University of Maryland and NBER, and Federal Reserve Board, respectively.

We thank Ed Prescott and Barry Bosworth for helpful comments on an earlier draft. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets.

As the contributors show, high-tech capital and intangible assets affect the. Measuring Capital and Technology: An Expanded Framework Carol Corrado, Charles Hulten, Daniel Sichel. Chapter in NBER book Measuring Capital in the New Economy (), Carol Corrado, John Haltiwanger and Daniel Sichel, editors (p.

11 - 46) Conference held AprilPublished in August by University of Chicago Press. Measuring Capital – OECD Manual SECOND EDITION ISbN 30 12 1 P-:HSTCQE=UWZ[X^: Measuring Capital – OECD Manual SECOND EDITION Capital – in particular of the physical sort – plays several roles in economic life: it constitutes wealth and it provides services in production Size: 2MB.

In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets.

As the contributors show, these resources affect the economy in ways that are 2/5(1). Measuring Capital and Technology: An Expanded F ramework 23 T able Business intangibles, by broad group Name of group T ype of knowledge capital Current status in the NIP AsAuthor: Carol Corrado.

Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts.

This revised Capital Manual is a comprehensive guide. Measuring Capital in the New Economy (National Bureau of Economic Research Studies in Income and Wealth Book 65) - Kindle edition by Corrado, Carol, Haltiwanger, John, Sichel, Daniel.

Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Measuring Capital in the New Economy (National Bureau of Economic 2/5(1).

Downloadable. Business outlays on intangible assets are usually expensed in economic and financial accounts. Following Hulten (), this paper develops an intertemporal framework for measuring capital in which consumer utility maximization governs the expenditures that are current consumption versus those that are capital investment.

This framework suggests that any business outlay that is. This chapter provides guidance on what components of business spending should be included in measures of Measuring capital and technology book investment. It presents a model that defines capital investment as any outlay that is intended to increase future rather than current consumption should be treated as investment.

This chapter explains that a significant portion of investment in traditional equipment and structures Author: Carol Corrado. There are two main parts to this book. The first part is concerned with the general issues of capital management, allocation, risk attribution and performance determination.

The second part focuses on the measurement of Measuring capital and technology book. The book is essential for all who witnessed the devastating effects of the crisis, due fundamentally to Measuring capital and technology book capital regime has turned out. 24 Measuring Performance in Capital-Light Businesses.

25 Alternative Ways to Measure Return on Capital. 26 Inflation. 27 Cross-Border Valuation. Part Four: Managing for Value. 28 Corporate Portfolio Strategy.

29 Strategic Management: Analytics. 30 Strategic Management: Mind-Sets and Behaviors. 31 Mergers and Acquisitions. 32 Divestitures. Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts.

It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productiv ity. Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts.

It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on.

Measuring Science & Technology in Panama: Towards a National Intellectual Capital Framework: /ch This chapter examines the notion of national intellectual capital, which could bring new insights to the existing national science and technology policyCited by: 1. The contributions in this book bring a wealth of detailed empirical data and an unusually wide range of perspectives—from universities, government, and business—to bear on the exploration of this important interrelationship; they focus, in particular, on the role of capital in the production process.

Capital formation is the most important source of economic growth, and investment in new. Measuring Capital and Technology: An Expanded Framework: Carol Corrado, Charles Hulten, Daniel Sichel (p.

11 - 46) (bibliographic info) 2. A New Approach to the Valuation of Intangible Capital: Jason G. Cummins (p. 47 - 72) (bibliographic info) (Working Paper version) by: Measuring capital and technology: An expanded framework. In C. Corrado, J. Haltiwanger, and D.

Sichel (Eds.), Measuring Capital in the New Economy, Studies in Income and Wealth. Chicago: The University of Chicago Press.

Gorenje are: Technology Broker (Audit), Market-to-Book Value, To-bin’s q, and Balanced Scorecard together with another known method, Value Added Intellectual Coefficient (™). Technology Broker (Audit) (Brooking) as a method estimates the value of intellectual capital. This book offers new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets.

As the chapters show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. Although the market valued the company at times its book capital, historical accounting data suggest that the computed ratio of equity value to book capital should be more like Why the gap.

Our thesis is that intangible capital is now creating. The most commonly used assessment of a bank's capital adequacy is the capital adequacy r, many analysts and banking industry. Measuring capital and technology / Carol Corrado [and others] --New approach to the valuation of intangible capital / Jason G.

Cummins --Valuation of organization capital / Baruch Lev and Suresh Radhakrishnan --Intangible risk / Lars Peter Hansen, John C. Heaton, and Nan Li --Relation among human capital productivity, and market value / John M.

AbstractThe groundwork of intellectual capital (IC) management, measuring IC, s with the rapid development of high technology, especially in communication, computer and biology engineering.

Knowledge thereupon value to book value in the late s wasin the mids it wasFile Size: KB. Measuring Science, Technology, and Innovation: A Review surveys the current state of the art including the concept of indicators, their quality and use, and a schematic model of the STI system that can identify gaps in the set of indicators commonly in use.

The authors review the developments in STI measurement that have taken place in the rest Cited by: 3. Intellectual Capital Measurement: /ch The aim of the article is to present the current state of knowledge concerning Intellectual capital (IC) and its measurement methods.

Although IC may beCited by: 1. Standards and Technology, nor does it imply that the products are necessarily the best available for the purpose. Disclaimer Regarding Non-Metrics Units.

The policy of the National Institute of Standards and Technology is to use metric units in all of its published materials. Because this report is intended for the U.S.

constructionFile Size: 1MB. Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity.

Table 2. Patterns for measuring the intellectual capital (Sveiby, ) Pattern Researcher Approach Description of evaluation Calculates the factor of technology based on the number of organization patents taken place. The performance of intel-lectual capital is measured by the effect of a set of indicators such as number and also cost of.

this mining technology because of its high ini-tial capital cost. The cost of a typical longwall installation is $9 million; total capital cost of the technology per ton of coal mined over the life of a system is about $1, This compares to a capital cost of $/ton of coal mined over the life of the system for the typical.

A guide to current approaches to measuring the effective tax rate, with case studies that illustrate the different methods discussed.

Today's highly complicated tax codes have led economists and policy makers depend on simplified summary measures in order to understand how taxes affect the economy. Studies of the effective tax rate—that is, a measurement of the net amount of tax levied on.

Measuring the Digital Transformation: A Roadmap for the Future provides new insights into the state of the digital transformation by mapping indicators across a range of areas – from education and innovation, to trade and economic and social outcomes – against current digital policy issues, as presented in Going Digital: Shaping Policies, Improving Lives.

Strategic human capital management (HCM) is not just a measurement focused approach to human resource management (HRM). It is certainly not a decision science in which people can be managed as a result of quantitative analysis and financial valuation.

Another way of measurement of intellectual capital belonging to synthetic methods is Knowledge Capital Earnings (KCE). This is a method prepared by B. Leva (Mintz,p.

It is based on the assumption that intellectual capital does not produce any value. Only owing to its implementation, productivity of material and financial resources by: 2.

Capital in the Twenty-First Century is a book by French economist Thomas focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French (as Le Capital au XXIe siècle) in August ; an English translation by Arthur Goldhammer followed in April The book's central thesis is that when the rate of return Author: Thomas Piketty.

Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement.

Get this from a library. Measuring capital. [W E Diewert; National Bureau of Economic Research.] -- Abstract: The paper revisits Harper, Berndt and Wood () and calculates Canadian reproducible capital services aggregates under alternative assumptions about the form of depreciation, the.

Standard Human Capital Valuation Metrics Remain Lacking. As human capital management has come to the forefront of today's innovation-driven, talent-driven and knowledge-based economy, and as smart organizations make huge investments in developing their people, CFOs struggle with measuring the return on their human capital investments.

A Theory of Technical Capital Sarita Yardi School of Interactive Computing Georgia Institute of Technology The amount of time teens spend on social networking sites is astonishing.

Teens love hanging out on the Internet but they often do not connect these activities to the kinds of skills they can develop and the kinds of things they can do Size: 66KB.

In many ways, this book is a capstone to the work being done in employee engagement. With a practical and relevant approach, Measuring the Success of Employee Engagement provides the tools for demonstrating the quantifiable value of treating engagement as an important business process, and much more than just an HR thing.

MEASURING CAPITAL – BEYOND THE TRADITIONAL MEASURES 3 Innovation, intangibles and economic growth: towards a comprehensive accounting of the knowledge economy Keynote speech by Bart van Ark, University of Groningen, and Charles Hulten, University of Maryland.Jorgenson was a Founding Member of the Board on Science, Technology, and Economic Policy of the National Research Council in and served as Chairman of the Board from to Jorgenson has conducted groundbreaking research on information technology and economic growth, energy and the environment, tax policy and investment behavior.Abstract.

T here are no statistics of capital corresponding to those of output, input and employment — and this for very good reasons. While it is possible to ask sensible and economically meaningful questions about output, input and employment, no such questions about capital are, or ever will be, included in censuses of by: 9.

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