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

M. Ishaq Nadiri, Ingmar R. Prucha

    Research output: Contribution to journalArticle

    Abstract

    Numerous studies on production and cost, the sources of productivity, and endogenous growth have recognized the pivotal role played by physical and R&D capital stocks. Analysis of the contributions of these capitals often requires measures of the stocks of physical and R&D capital, which in turn requires measuring their depreciation rates. In this paper we specify a model of factor demand that allows us to estimate the depreciation rates of both physical and R&D capital jointly with other model parameters. The model is estimated for the U.S. total manufacturing sector.

    Original languageEnglish (US)
    Pages (from-to)43-56
    Number of pages14
    JournalEconomic Inquiry
    Volume34
    Issue number1
    DOIs
    StatePublished - Jan 1996

    ASJC Scopus subject areas

    • Business, Management and Accounting(all)
    • Economics and Econometrics

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