Term:
Gross capital stock – OECD
Definition:
Gross capital stock refers to the cumulative flow of volume investments, corrected for retirement. In the gross stock, assets are treated as new until they are retired: it is assumed that they retain their full productive capacity until removed from the stock.
Domain:
Economics & National Accounts
Source:
OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, OECD, Paris, March 2001, Annex 1 – Glossary
