A Primer on the Measurement of Net Stocks, Depreciation, Capital Services, and Their Integration (PDF)

This manual is intended to be a "primer" on the rudiments of the methodologies used to estimate capital stocks and the value of their services by statistical agencies. It explains the key parts of methodologies used to estimate wealth stock estimates through the use of numeric examples and avoids, as much as possible, the use of mathematical equations. Numerical examples are emphasized because many people find it easier to understand the material in this form. In fact, this author initially learned the neoclassical capital accounting framework with the aid of numerical examples provided to him by Professor Frank Wykoff.

Arnold J. Katz