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Supply-side estimates of UK investment

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  • Graeme Chamberlin

    (Office for National Statistics)

Abstract

Describes how the commodity flow model can be used for such estimates and discusses advantages and disadvantages of this approachThe UK is unusual among membercountries of the Organisation forEconomic Co-operation and Developmentin using business surveys on investmentexpenditure to estimate almost all nonresidentialinvestment: a demand-sideapproach. More commonly, estimates ofinvestment (or more precisely, gross fi xedcapital formation) are generated usingavailable data on the supply of capitalgoods to the economy – a commodityfl ow model. This article describes howthe commodity fl ow model can be usedto form supply-side estimates of UKinvestment and discusses some of theadvantages and disadvantages of thisapproach. Economic & Labour Market Review (2008) 2, 52–56; doi:10.1057/elmr.2008.155

Suggested Citation

  • Graeme Chamberlin, 2008. "Supply-side estimates of UK investment," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(10), pages 52-56, October.
    • Handle: RePEc:pal:ecolmr:v:2:y:2008:i:10:p:52-56
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