Measuring Capital in the New Economy



Measuring Capital in the New Economy
Carol Corrado, John Haltiwanger and Daniel Sichel, editors

The University of Chicago Press, 2005
Cloth: $99.00
552 pages
ISBN: 0-226-11612-3 (cloth)

Some chapters may have appeared as NBER Working Papers, which are preliminary versions of the published papers.

Table of Contents:

    Introduction
    Carol Corrado, John Haltiwanger and Daniel Sichel

    1. Measuring Capital and Technology: An Expanded Framework
    Carol Corrado, Charles Hulten and Daniel Sichel

      Comment: Edward C. Prescott

    2. A New Approach to the Valuation of Intangible Capital
    Jason G. Cummins

    3. The Valuation of Organization Capital
    Baruch Lev and Suresh Radhakrishnan

      Comment: Timothy F. Bresnahan

    4. Intangible Risk
    Lars Peter Hansen, John C. Heaton and Nan Li

      Comment: Susanto Basu

    5. The Relation among Human Capital, Productivity, and Market Value: Building Up from Micro Evidence
    John M. Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney, and Kristin Sandusky

      Comment: Katharine G. Abraham

    6. Measuring Organizational Capital in the New Economy
    Sandra E. Black and Lisa M. Lynch

      Comment: Kathryn Shaw

    7. Pharmaceutical Knowledge-Capital Accumulation and Longevity
    Frank R. Lichtenberg

      Comment: Eric J. Bartelsman

    8. R&D in the National Income and Product Accounts: A First Look at Its Effect on GDP
    Barbara M. Fraumeni and Sumiye Okubo

      Comment: Bronwyn H. Hall

    9. Communications Equipment: What Has Happened to Prices?
    Mark Doms

    10. Information-Processing Equipment and Software in the National Accounts
    Bruce T. Grimm, Brent R. Moulton, and David B. Wasshausen

      Comment: Barry Bosworth

    11. Growth of U.S. Industries and Investments in Information Technology and Higher Education
    Dale W. Jorgenson, Mun S. Ho, and Kevin J. Stiroh

      Comment: Michael J. Harper

    12. Issues in the Measurement of Capital Services, Depreciation, Asset Price Changes, and Interest Rates
    W. Erwin Diewert

      Comment: Frank C. Wykoff

    Remarks

      Robert E. Hall
      Baruch Lev
      Erik Brynjolfsson and Lorin Hitt