Estimation of a variable rate of depreciation : A dummy variable approach

@inproceedings{Prucha2012EstimationOA,
title={Estimation of a variable rate of depreciation : A dummy variable approach},
author={Ingmar R. Prucha},
year={2012}
}

Many important economic problems require measures of physical and R&D capital. Except for some recent studies, there have been relatively few contributions in the literature that provide econometric estimates for the depreciation rates of physical and R&D capital. One reason for the relative paucity of such econometric studies may be that if the depreciation rates are viewed as unknown parameters, or as a functions of unknown parameters, then the corresponding stocks of physical and R&D capital… CONTINUE READING

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