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Measuring Non-Market Production of Households OECD National Accounts Working Party Meeting Paris ... - page 9 / 14

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Valuing Capital services

Capital input (K)

PIM based  - constructed from expenditures on consumer durables.

Value of capital services:

=  the price of capital services per unit of the net capital stock multiplied by the net capital stock K .

Where the price of capital services is calculated as

(r+d)*P(t)

and

r = real rate of return (4%)

    d = depreciation rate (20%)

P(t) = price index of consumer durables

Again, some double counting…..

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