Extended Measures of Investment and Saving

Peter Depta, Frank Ravalli and Don Harding

MPRA Paper from University Library of Munich, Germany

Abstract: National accountants treat as consumption all expenditure incurred in purchasing consumer durables and in forming intangible assets such as knowledge, education and good health. The case is made in this paper that the national accounts measures of saving and investment understate both the extent to which we save and the extent of the resources that we allocate to investment. Moreover, the national accounts data do not allow us to monitor substitution between tangible and intangible assets.

Keywords: Saving; Investment; National accounts; Knowledge; Human Capital; Physical Capital; Intangible Capital (search for similar items in EconPapers)
JEL-codes: E20 E21 E22 O4 O47 (search for similar items in EconPapers)
Date: 1994-02
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3319

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