Depreciation , Stocks , User Costs and Productivity Growth for US Knowledge Intensive Industries

  title={Depreciation , Stocks , User Costs and Productivity Growth for US Knowledge Intensive Industries},
  author={R. Bernstein and Theofanis P. Mamuneas},
This paper estimates R&D depreciation rates for U.S. knowledge intensive industries. R&D depreciates at an annual rate of; 18 percent for chemical products, 26 percent for nonelectrical machinery, 29 percent for electrical products, and 21 percent for transportation equipment. These rates imply that R&D depreciates 2 to 7 times faster than physical capital stocks in these industries. Based on these depreciation rates, new estimates of R&D user costs imply that the marginal (gross of… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.

Endogenous Capital Utilization in a Short-Run Production Model,

  • L. G. Epstein, M. Denny
  • Journal of Econometrics,
  • 1980
Highly Influential
4 Excerpts

Dynamic Factor Demand Models and Productivity Analysis,

  • M. I. Nadiri, I.R
  • Prucha,
  • 2001
Highly Influential
3 Excerpts

How E¤ective are Fiscal Incentives for R&D? A Review of the Evidence,

  • B. Hall, J. van Reenen
  • Research Policy
  • 2000

Penetrating the book-to-market black box: The R&D e¤ect,

  • L. Baruch
  • Sougiannis
  • 1999
2 Excerpts

International R&D Spillovers Between U.S. and Japanese R&D Intensive Sectors,

  • J. I. Bernstein, P. Mohnen
  • Journal of International Economics,
  • 1998
2 Excerpts

Issues in Assessing the E¤ect of Interindustry R&D Spillovers,

  • Economic Systems Research,
  • 1997

Estimation of the Depreciation Rate of Physical and R&D Capital in the U. S. Total Manufacturing Sector,

  • M. I. Nadiri, I. R. Prucha
  • Economic Inquiry,
  • 1996

Issues in the Measurement of Economic Depreciation: Introductory Remarks,

  • C. R. Hulten, C F.
  • Wyko¤
  • 1996
1 Excerpt

Similar Papers

Loading similar papers…