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Capital Stock in UK Manufacturing Industry: Disaggregated Estimates 1947–76

In: The Measurement of Capital

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  • A. G. Armstrong

    (University of Bristol)

Abstract

There has been considerable discussion particularly in the theoretical literature concerning the concept of the stock of capital, and, in particular, doubts have been expressed about the validity of attempts to measure capital. Nevertheless, much use is made in empirical work in various areas of estimates of capital stock in industry. The aim of the present paper is not to enter into the controversy but to present estimates of the stock of capital in UK manufacturing industries in more detail than has been available previously.

Suggested Citation

  • A. G. Armstrong, 1979. "Capital Stock in UK Manufacturing Industry: Disaggregated Estimates 1947–76," Palgrave Macmillan Books, in: K. D. Patterson & Kerry Schott (ed.), The Measurement of Capital, chapter 5, pages 133-158, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04127-5_6
    DOI: 10.1007/978-1-349-04127-5_6
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