Measuring Capital in the New Economy

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ISBN: 9780226116174

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