Chapter

Introduction

Carol Corrado, John Haltiwanger and Daniel Sichel

in Measuring Capital in the New Economy

Published by University of Chicago Press

Published in print October 2005 | ISBN: 9780226116129
Published online February 2013 | e-ISBN: 9780226116174 | DOI: http://dx.doi.org/10.7208/chicago/9780226116174.003.0001
Introduction

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This introductory chapter explains the contents of this volume which is about the measurement of capital in the new economy. The chapters in this volume are revised or edited versions of papers presented at the Conference on Research in Income and Wealth entitled “Measuring Capital in the New Economy” held at the Federal Reserve Board in Washington D.C. on April 26–27, 2002. The topics discussed include the challenges of how to measure physical capital accumulation and the contribution of intangible assets in an economy that is increasingly dominated by high technology capital and undergoing change brought about by advances in information technology.

Keywords: capital; new economy; conference; Washington D.C; capital accumulation; intangible assets; high technology capital; information technology

Chapter.  3874 words. 

Subjects: Econometrics and Mathematical Economics

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