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DECAY

Statistics Directorate    
French Equivalent: Vieillissement

Definition:
Decay is the loss in the physical efficiency of an asset as it ages. Efficiency in this context refers to the asset’s ability to produce a quantity of capital services for a given of labour or materials.

Source Publication:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001.

Hyperlink:
http://www.oecd.org/dataoecd/61/57/1876369.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Friday, April 25, 2003