Politická ekonomie 2012, 60(6):780-800 | DOI: 10.18267/j.polek.877

Využití alternativních metod při odhadech stavů a spotřeby fixního kapitálu

Igor Krejčí, Jaroslav Sixta
1 ČZU v Praze
2 VŠE v Praze

Alternative Methods for Measuring of Fixed Capital

The article focuses on alternative approaches of fixed capital measurement. The official direct estimation for Czech economy is based on straight line depreciation profile. This article presents the results based on the application of geometric depreciation profile on appropriate types of assets. Alternative consumption and net stock of fixed assets are presented. The impact on GDP of such changes is evaluated. New model of perpetual inventory method is transformed to Markov chain. Such transformation leads to easy estimation of average age of fixed assets. Such estimation is suitable for asset with short average service lives. The article presents average age for machinery and equipment. All calculations focus on development between 1995 and 2010.

Keywords: national accounts, fixed capital, perpetual inventory method, consumption of fixed capital, depreciation pattern, average age of asset
JEL classification: C82, E22

Published: December 1, 2012  Show citation

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Krejčí, I., & Sixta, J. (2012). Alternative Methods for Measuring of Fixed Capital. Politická ekonomie, 60(6), 780-800. doi: 10.18267/j.polek.877
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