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EFFECT OF TIME PASSING

Statistics Directorate    
Definition:
The fact that the future benefits to be provided by an asset are one year closer at the end of the period than at the beginning. Assimilated to the return to capital and net operating surplus.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 7.162 & Box 7.1.

Statistical Theme: Environmental statistics

Created on Tuesday, July 05, 2005