Definition: User cost of capital

Category: 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". Measuring Productivity Manual (OECD 2001)
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