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
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