Institution

OECD

Year

2009

Level

Intermediate to advanced

Abstract

Capital plays a fundamental role in the process of production and it is a significant component of wealth and source of income. It is vital that both stock and flow aspects of capital are well measured in order to support the development and monitoring of economic policy, as well as economic analysis more generally. This revised edition of Measuring Capital builds on the original version, by taking account of new developments in capital measurement and ensuring consistency with the revised System of National Accounts – the 2008 SNA. As with the original edition, this revised edition takes the SNA as its starting point, in recognition that capital statistics are an important component of the national accounts. It also maintains an emphasis on an integrated approach to measuring capital in order to ensure consistency between the various stock and flow measures.