By; Allan H. Young and John C. Musgrave
There are essentially two methods for estimating stocks of fixed capital direct measurement of the stock and perpetual direct calculations. Only small use has been made of direct measurement in the United States because the old data is incomplete and because there are problems in valuation of the assets in the stock. Extending the coverage and obtaining the information needed to assign the desired valuation to assets would require a substantial statistical program.
Dealing and covering a biased side of stocks have been copped with stimulated pressure of The Bureau of Economic Reserve.
Both Allan H. Young and John C. Musgrave discusses concepts, definitions, and statistical problems involved in estimating capital stocks; considers direct measurement of stocks (under which we subsume the derivation of stocks from information carried on balance sheets of businesses); and takes note of capital stock estimates prepared by other researchers.
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