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The Stock of Capital in European Community Agriculture

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  • Ball, V Eldon, et al
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    Abstract

    This paper presents estimates of capital stocks of buildings and machinery and transportation vehicles in European Community agriculture. The capital stocks are the cumulation of all past investments adjusted for discards of worn-out assets and loss of efficiency of assets over their service life. Asset discards are calculated based on an assumed mean service life for a group of assets and a distribution of actual discards around this mean service life. Efficiency loss is assumed to be a function of age. The function relating efficiency to age of the asset is approximated by a rectangular hyperbola concave to the origin. This rectangular hyperbola provides a general model incorporating several of the commonly used forms of depreciation as special cases. Coauthors are Jean-Christophe Bureau, Jean-Pierre Butault and Heinz Peter Witzke. Copyright 1993 by Oxford University Press.

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    Bibliographic Info

    Article provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

    Volume (Year): 20 (1993)
    Issue (Month): 4 ()
    Pages: 437-50

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    Handle: RePEc:oup:erevae:v:20:y:1993:i:4:p:437-50

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    Cited by:
    1. Gopinath, Munisamy & Arnade, Carlos & Shane, Mathew & Roe, Terry, 1997. "Agricultural competitiveness: The case of the United States and major EU countries," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 16(2), May.
    2. Crego, Al & Larson, Donald & Butzer, Rita & Mundlak, Yair, 1998. "A new database on investment and capital for agriculture and manufacturing," Policy Research Working Paper Series 2013, The World Bank.
    3. Roberto ESPOSTI & Pierpaolo PIERANI, 2001. "Building the Knowledge Stock: Lags, Depreciation and Uncertainty in Agricultural R&D," Working Papers 145, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    4. Ball, V. Eldon & Lindamood, W.A. & Nehring, Richard F. & Mesonada, Carlos San Juan, 2006. "Capital as a Factor of Production in OECD Agriculture: Measurement and Data," 2006 Annual meeting, July 23-26, Long Beach, CA 21315, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Mary J. Keeney, 2007. "Measuring Irish Capital," The Economic and Social Review, Economic and Social Studies, vol. 38(1), pages 25-62.
    6. Chambers, Robert G. & Tzouvelekas, Vangelis, 2013. "Estimating population dynamics without population data," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 510-522.
    7. Margarita Genius & Phoebe Koundouri & Celine Nauges & Vangelis Tzouvelekas, . "Information Transmission in Irrigation Technology Adoption and Diffusion: Social Learning, Extension Services, and Spatial Effects," DEOS Working Papers 1329, Athens University of Economics and Business.
    8. Gohin, Alexandre & Bureau, Jean-Christophe, 2006. "Bridging Micro- and Macro-Analyses of the EU Sugar Program: Methods and Insights," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25799, International Association of Agricultural Economists.
    9. Mundlak, Yair & Larson, Don & Butzer, Ritz, 1997. "The determinants of agricultural production : a cross-country analysis," Policy Research Working Paper Series 1827, The World Bank.
    10. Larson, David F. & Butzer, Rita & Mundlak, Yair & Crego, Al, 2000. "A Cross-Country Database for Sector Investment and Capital," World Bank Economic Review, World Bank Group, vol. 14(2), pages 371-91, May.
    11. Roberto ESPOSTI, 2007. "On the Decline of Agriculture. Evidence from Italian Regions in the Post-WWII Period," Working Papers 300, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    12. Gohin, Alexandre & Bureau, Jean-Christophe, 2006. "WTO Discipline and the CAP: the Constraints on the EU Sugar Sector," Working Papers 18872, TRADEAG - Agricultural Trade Agreements.
    13. Ball, V. Eldon & Bureau, Jean-Christophe & Eakin, Kelly & Somwaru, Agapi, 1997. "Cap reform: modelling supply response subject to the land set-aside," Agricultural Economics, Blackwell, vol. 17(2-3), pages 277-288, December.
    14. Larson, Donald & Butzer, Rita & Mundlak, Yair & Crego, Al, . "Sectoral Investment and Capital," Instructional Stata datasets for econometrics sectinvcap, Boston College Department of Economics.
    15. Carlo Bernini Carri, 2005. "Productivity Growth and Convergence between Agriculture and Industry in EU Countries," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, November.
    16. Robert Chambers & Margarita Genius & Vangelis Tzouvelekas, 2012. "A Supply-Response Model Under Invariant Risk Preferences," Working Papers 1209, University of Crete, Department of Economics.
    17. Gohin, Alexandre & Bureau, Jean-Christophe, 2005. "Sugar Market Liberalization: Modeling the EU Supply of "C" Sugar," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24740, European Association of Agricultural Economists.

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