Punjab School of Economics, Guru Nanak Dev University, Amritsar-143005
JEL Classification: C13, C22, E22, H54.
This paper attempts to generate estimates of net fixed capital stock at aggregated and disaggregated levels for Punjab and Haryana states for the period from 198081 to 2007–08 and carry out economic analysis. The paper follows Kruger's (2003) approach to estimate initial capital stock and then the perpetual inventory method for subsequent years.
Net Fixed Capital Stock, Perpetual Inventory Method, Relative Growth Rates, Turning Points, Kinked Growth Rates
