Go to Statistics Portal

AGE-EFFICIENCY PROFILE

Statistics Directorate    
French Equivalent: Profil âge-efficacité

Definition:
The age-efficiency profile of an asset describes the change (usually the decline) in the 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 amount of inputs.

Context:
The age-efficiency profile shows the loss in productive capacity of a capital good over its life time, or the rate at which the physical contribution of a particular asset declines over time, as an effect of wear and tear. (OECD Productivity Manual: A Guide to the Measurement of Industry - Level and Aggregate Productivity Growth, OECD, Paris, March 2001, Annex 1 – Glossary. Available at
http://www.oecd.org/subject/growth/prod-manual.pdf).

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 18, 2003