Abstract The measurement of capital is widely under attention. Based on the method of physical capital estimation, this paper discuss the estimating techniques of human and physical capital stock, which are both components of total capital. According to the comparability between physical capital and human capital on theory, assumption and basis, human capital depreciation is confirmed, human investment price index is designed, and then the measuring system of total capital is put forward. Follow the system, the quantity、structure、distribution and dynamic characters of total capital in China from 1995 to 2005 is also demonstrated in this paper.
|
Received: 28 November 2008
|
|
|
|