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Thus, Becker decided to adopt an approach that assumed the cost of an investment in human capital as the earnings foregone and the rate of capitalisation as a weighted average of the rates of return on the individual investments.
A 2% rate of capitalisation is not viable for the well-functioning service that the special clinic appears to be.
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There is, he finds, a negative correlation between the size of a country's pension-fund assets and the growth rate of its stockmarket capitalisation and turnover.Moreover, he says, even if private pension funds do contribute to financial development, this hardly justifies a ban on their investing abroad.
That payment would allow for a capitalisation rate of only 10.5%.
"The factor of capitalisation is not right," Yusupov says.
Tim Dowling at the British newspaper The Guardian, wrote of the poem, "[a] disregard for the traditional rules of capitalisation is maintained throughout.
Both infrastructural transformation and services' portfolio reorganisation plans were enabled by the high degree of capitalisation.
In this potentially conflicting scenario, the degree of capitalisation of the JPFEs played a pivotal role in determining the effective degree of autonomy of the PPPs.
(Market capitalisation per unit of fixed capital is, in fact, the rate of return on capital multiplied by the price-earnings ratio).
With a turnover of 286% of market capitalisation, Taiwan ranked second.
Nevertheless, this is quite unlike the situation of the special clinic and we consider the 18% figure, the lowest of those compared across a range of settings where the methodology was judged sufficiently sound, the lower bound of a realistic capitalisation rate here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com