Identificador persistente para citar o vincular este elemento:
http://hdl.handle.net/10553/72346
Título: | Econometric estimation of a variable rate of depreciation of the capital stock | Autores/as: | Hernández Sánchez, José Antonio Mauleon, I |
Clasificación UNESCO: | 530701 Formación de capital | Palabras clave: | Capital Utilization Maximum Likelihood Monte Carlo Simulation Production Function Obsolence, et al. |
Fecha de publicación: | 2005 | Publicación seriada: | Empirical Economics | Resumen: | Measuring the capital stock is crucial in some fields of economic research. Capital stock is not observable, though, and its estimation requires the knowledge of its rate of depreciation. In most cases, econometric regressions are not used for this task. However, this methodology could be used to estimate capital stock values which are consistent with the technology of the economy. If we assume that the depreciation rate is not constant, its estimation poses some additional technical difficulties. In this paper we suggest a method to estimate a variable rate of depreciation which is shown to have wide empirical applicability and some computational advantages. Also, this method is easily implementable in standard packages by means of NLS or ML. The formalization of this method, and empirical evidence and simulation exercises based on its implementation are presented. | URI: | http://hdl.handle.net/10553/72346 | ISSN: | 0377-7332 | DOI: | 10.1007/s00181-004-0234-4 | Fuente: | Empirical Economics[ISSN 0377-7332],v. 30 (3), p. 575-595, (Octubre 2005) |
Colección: | Artículos |
Los elementos en ULPGC accedaCRIS están protegidos por derechos de autor con todos los derechos reservados, a menos que se indique lo contrario.