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Methods explained: Perpetual Inventory Method (PIM)
| Content Provider | Paperity |
|---|---|
| Author | Dey-chowdhury, Sumit |
| Abstract | This article outlines where the perpetual inventory method (PIM) is used within the Office for National Statistics and discusses in detail the key parameters of a PIM; the asset service life, the retirement distribution and the depreciation function. It covers why these parameters are of importance in the application of a PIM and also highlights some of the key related conceptual issues. The article then concludes with an example illustrating how a PIM can be used to estimate gross capital stock, consumption of fixed capital and net capital stock, which are the principal uses of a PIM. |
| Starting Page | 48 |
| Ending Page | 52 |
| File Format | HTM / HTML |
| ISSN | 17518326 |
| DOI | 10.1057/elmr.2008.140 |
| Issue Number | 9 |
| Journal | Economic & Labour Market Review |
| Volume Number | 2 |
| Language | English |
| Publisher | Palgrave Macmillan UK |
| Publisher Date | 2008-09-01 |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics Industrial Relations Organizational Behavior and Human Resource Management |