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- W2010597951 abstract "In recent years there has been a considerable degree of interest in the measurement of the capital stock, with special reference to the degree of premature scrapping of capital equipment that might have occurred. It has been argued that this might be one reason for the observed slowdown in productivity growth (see e.g. Muellbauer (1984) or Baily (1981)). Others have alleged that there has been a large decrease in manufacturing capacity in the UK since 1980, and that, therefore, we should not reflate the economy, (see e.g. Ball (1985)), for we run the risk of re-igniting inflation. The latter view is commonly expressed in the press, both by financial commentators and politi cians. It is, therefore, of some importance to assess the extent to which the official stock meas ures are misleading." @default.
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- W2010597951 date "1986-01-01" @default.
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- W2010597951 title "THE UK CAPITAL STOCK NEW ESTIMATES OF PREMATURE SCRAPPING" @default.
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