The Estimating Of Automobile Industry's Capital Stock On Our Country

The data of the capital stock is a crucial factor in the policy making of the macroeconomic running. The capital stock's calculating is very complicated. There are many questions in both sides of theory and technique. The capital theory is one of the most controversial fields in the economics research all the time. The argument about the measurability of capital was a focus in the famous controversy between two Cambridge in 1950s-1960s. Though the calculating of capital stock is very difficult, due to its important effect in economics research, many economists have applied themselves to develop the theory since 1950s.In 1951, Raymond W. Goldsmith introduced the perpetual inventory approach which inaugurated a wide prospect in this field. Since then, the approach was used and expanded by Edward F. Denison, Dale W. Jorgenson and others. In America and other OECD countries, this approach was used widely and accumulated plentiful experience.The capital statistical work is very weak in China. There are wide gaps in data and the acquire ability of data is a serious handicap in the capital stock's calculating. In automobile industry study, the proper calculating of the capital stock is a difficult problem that researchers have to be faced to in our country.We will arrange and assimilate the theory and methods of the calculating, and carry on the analysis to our country automobile industry situation at present.Then review and anatomize the existing study about the calculating to capital stock of China. Toward the blur and scarcity in the study of capital stock of China, we try to amend it and introduce our calculating method. In the end, we apply our method to calculate the capital stock of China automobile industry.The paper consists of six chapters.The first chapter mainly shows the goal and significance of this article research, reviews and anatomizes the existing study about the calculating to capital stock, explained the origin of the data in this article and the research technique, then discuss the possible innovation and the insufficiency.In the second chapter, we will review the study of the notion of the capital and capital stock calculating, and introduce the representative pursuers and their studies.In the third chapter, we will introduce the development of our country automobile industry as well as the growing of investment.In the fourth chapter, we will introduce the primary theory and technical operation of the classical perpetual inventory approach. In the fifth chapter, after handling the available statistical data, we calculate capital stock of the automobile industry stock of China with the method we selected In the last chapter, we obtain the result and give the policy suggestion.