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Estimation of the depreciation rate of physical and R&D capital in the U.S. total manufacturing sector.

Part of a special section on depreciation. The writers present a model of factor demand that facilitates the estimation of the depreciation rates of both physical and R&D capital jointly with other model parameters and apply it to the U.S. total manufacturing sector. They reveal that, on the whole,...

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Publicado en:Economic Inquiry Vol. 34; pp. 43 - 57
Autores principales: Nadiri, M. Ishaq, Prucha, Ingmar R.
Formato: Artículo
Publicado: Wiley-Blackwell January 1996
Materias:
Depreciation
Mathematical models
Mathematical models of capital
Manufactured products
Research costs
Industrial research
Estimation theory
United States
Acceso en línea:Ver este registro en EBSCOhost
Sumario:Part of a special section on depreciation. The writers present a model of factor demand that facilitates the estimation of the depreciation rates of both physical and R&D capital jointly with other model parameters and apply it to the U.S. total manufacturing sector. They reveal that, on the whole, the low growth of gross investment in both R&D and physical capital has led net capital formation to be far from robust, thus failing to support a vigorous growth of the manufacturing sector.