Definition: User cost of capital

OECD terminology

"Measuring Capital" Manual

The user cost of capital is the unit cost for the use of a capital asset for one period - that is, the price for employing or obtaining one unit of capital services. The user cost of capital is also referred to as the "rental price" of a capital good, or the "capital service price".

"Measuring Productivity" Manual

The price per unit of capital service. Often used as synonymous to "rental price".
Source:
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001
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