Estimation of capital stock in Irish industry, 1953-1968

Abstract

This paper is confined to discussion of methods of estimating Capital Stock, with a review of numerical results already available and a summary of new results calculated by the writer. Illustrations of the uses to which capital stock data may be put are not considered. Section 1 gives Professor Nevin's figures for the years 1950-59 and also the writer's reworking of them and their extension to 1968. Section 2 considers unsatisfactory aspects of the methods used by Nevin, looks at some alternative methods and definitions of capital stock and gives the writer's approach to a new set of results for the period 1953 to 1968. Section 3 discusses these latter results.