CONTENTS 1. Introduction 2. Measurement and methodology 2.1 The definition of fixed capital stock 2.2 The perpetual inventory method 2.3 The lifetime and age of capital stock 3. Privatisation and the institutional classification of capital stock 4. Growth in real fixed capital stock 5. The composition of fixed capital stock 5.1 Fixed capital stock by kind of economic activity 5.2 Fixed capital ...

An Analysis of Macroeconomic Impacts Produced by the Fixed Capital Investment in China Liu Baojun Tianjin University of Finance and Economics, Tianjin, 300222,China Abstract. In this paper we analyzed macroeconomic impacts produced by fixed capital investment in China, and proposed a model to analyze effect of structural change of fixed capital investment for macroeconomic impacts of fixed capi...

The Economic Costs of Mass Surveillance: Insights from Stasi Spying in East Germany* Based on official records from the former East German Ministry for State Security, we quantify the long-term costs of state surveillance on social capital and economic performance. Using county-level variation in the spy density in the 1980s, we exploit discontinuities at state borders to show that higher level...

Empirical evidence from developed countries supports the idea that parent-teacher interaction is high and improves student outcomes. The evidence from developing countries is, however, decidedly mixed. Using longitudinal data that we collected from nearly 6,000 students and 600 teachers in rural China, we show that the prevalence of parent-teacher interaction is generally much lower than that o...

Using a sample of 56,144 annual property observations during 2000 – 2011 we analyze the determinants of capital expenditures and their sub-components at the property level when accounting for uncertainty. We argue that uncertainty impacts the relationships between interest rates, profitability and capital expenditures and that these relationships may differ not only by property type, but also b...

We use a panel of over 120,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities of investment in fixed capital to ...

Based on industry-level data for majority-owned U.S. foreign affiliates in 49 countries, this paper identifies the determinants of the cross-country distribution of fixed capital within multinational companies. Controlling for market size and trade openness, it is shown that U.S.-owned capital stocks are high in countries with a history of high profitability and low earnings variability. Simila...