IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-04127-5_11.html
   My bibliography  Save this book chapter

Capital Stock, Capital Services and the Use of Fuel Consumption Proxies: An Appraisal

In: The Measurement of Capital

Author

Listed:
  • Derek L. Bosworth

    (Loughborough University of Technology)

Abstract

It has become fashionable in the recent economic literature to use electricity data as proxy for the consumption of capital services. Taylor (1967), for example, reported a high correlation across regions of the UK between electricity consumption and the stock of active capital. Heathfield (1972) has compared the consumption of electricity with the stock of capital in an attempt to derive measures of capital usage. Heathfield adopted the book value of the capital stock as a measure of the potential supply of capital services. More recently still, Moody (1974) and Bosworth (1974, 1976) have estimated neoclassical production functions using fuel proxies for the capital input. After comparing the results of using a traditional measure of the capital input with those of a proxy variable, Moody was able to conclude that electricity consumption was a better measure of the capital input than the book value of the capital stock.

Suggested Citation

  • Derek L. Bosworth, 1979. "Capital Stock, Capital Services and the Use of Fuel Consumption Proxies: An Appraisal," Palgrave Macmillan Books, in: K. D. Patterson & Kerry Schott (ed.), The Measurement of Capital, chapter 10, pages 246-261, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04127-5_11
    DOI: 10.1007/978-1-349-04127-5_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-04127-5_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.