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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
1. Since sometime in the 1990s, "capital account" refers to a minor component of international transactions, involving unilateral transfers of ownership of property. The common definition, below, describes what is now called the financial account. 2. A country's international transactions arising from changes in holdings of real and financial capital assets (but not income on them, which is in the current account). Includes FDI, plus changes in private and official holdings of stocks, bonds, loans, bank accounts, and currencies. 3. (Bretton-Woods definition) Same as common definition except excluding official reserve transactions. This definition was used under the Bretton Woods System of pegged exchange rates, but is less meaningful under floating exchange rates.
Industry:Economy
A tax on the value of a newly formed company, or one that has newly been transfered to a different taxing jurisdiction.
Industry:Economy
A good, such as a machine, that, once in place, becomes part of the capital stock.
Industry:Economy
A net flow of capital, real and/or financial, into a country, in the form of increased purchases of domestic assets by foreigners and/or reduced holdings of foreign assets by domestic residents. Recorded as positive, or a credit, in the balance on capital account.
Industry:Economy
A measure of the relative use of capital, compared to other factors such as labor, in a production process. Often measured by the ratio of capital to labor, or by the share of capital in factor payments.
Industry:Economy
A broad term, encompassing all the many mechanisms by which savings can be conveyed to those who wish to use it for investment. Most obviously, it includes the markets for stocks and bonds.
Industry:Economy
A net flow of capital, real and/or financial, out of a country, in the form of reduced holdings of domestic assets by foreigners and/or increased holdings of foreign assets by domestic residents. Recorded as negative, or a debit, in the balance on capital account.
Industry:Economy
A country is capital scarce if its endowment of capital is small compared to other countries. Relative capital scarcity can be defined by either the quantity definition or the price definition.
Industry:Economy
1. An owner (or sometimes only a manager) of capital. 2. Associated or identified with capitalism.
Industry:Economy
A technological change or technological difference that is biased in favor of using less capital, compared to some definition of neutrality.
Industry:Economy
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