Definition: Productive capital stock

OECD terminology

"Measuring Capital" Manual

The productive capital stock is the stock of a particular type of asset after assets of different ages have been converted into standard efficiency units.

"Measuring Productivity" Manual

The stock of a particular, homogenous, asset expressed in "efficiency" units. The importance of the productive stock derives from the fact that it offers a practical tool to estimate capital services. Typically, the latter are assumed to be proportional to the former.
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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