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ESTIMATION OF THE DEPRECIATION RATE OF PHYSICAL AND R&D CAPITAL IN THE U.S. TOTAL MANUFACTURING SECTOR
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.
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Cites
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Technology, Prices, and the Derived Demand for Energy
Berndt, E. R., & Wood, D. O. (1975) · The Review of Economics and Statistics · doi:10.2307/1923910 · Cited by 1,396
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Are Nonconvexities Important For Understanding Growth?
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Short-run labor productivity in a dynamic model
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Estimates of the Value of Patent Rights in European Countries During thePost-1950 Period
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Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth
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HEALY, A., & MALHOTRA, N. (2009) · American Political Science Review · doi:10.1017/s0003055409990104 · Cited by 931
A Model of Secular Stagnation: Theory and Quantitative Evaluation
Eggertsson, G. B., Mehrotra, N. R., & Robbins, J. A. (2019) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20170367 · Cited by 405
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Metadata
- Authors
- Nadiri, M. I., & Prucha, I. R.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 1996-01
- Volume
- 34
- Issue
- 1
- Pages
- 43-56
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W3122338854
- Cited by
- 259
- References
- 10
- FWCI
- 4.03
- Type
- journal article
- Language
- en
- Open access
- closed
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- Nadiri, M. I., & Prucha, I. R. (1996). ESTIMATION OF THE DEPRECIATION RATE OF PHYSICAL AND R&D CAPITAL IN THE U.S. TOTAL MANUFACTURING SECTOR. Economic Inquiry. https://doi.org/10.1111/j.1465-7295.1996.tb01363.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.