Journal Article
Defining capital in growth models
Gort, Michael; Jafarey, Saqib; Rupert, Peter (1999-04)
This article analyzes the measurement of the capital stock when technological advance is embodied in capital. The source of the problem is that capital is not homogeneous across vintages. Which measure of the capital stock to use is dictated by the question being addressed.
Economic Review , Issue Q II , Pages 19-23