Other Value Added
From Open Risk Manual
Definition
Other Value Added (OVA). A term used prior to the 2003 comprehensive NIPA revision for the residual component of value added, sometimes referred to as profit-type income.
For most industries, OVA was derived by subtracting total intermediate inputs, compensation of employees, and indirect business tax and nontax liability from total industry output. It included consumption of fixed capital, proprietors' income, corporate profits, and business transfer payments. OVA has now been replaced by gross operating surplus (GOS).[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
