Double-Counting of Investment (Barro)

Double-Counting of Investment by Robert J. Barro published by NBER (6/2019). “The national-income accounts double-count investment, which enters once when it occurs and again in present value as rental income on added capital. The double-counting implies over-statement of levels of GDP and national income. Across countries, those with higher propensities to invest artificially look richer gauged by per capita GDP…”

Verificar PDF Anexado