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Estimating Capital Stocks and Capital Ages in Canada's Regions: 1961--1981

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Author Info
William Anderson
David Rigby
Abstract

ANDERSON W. P. and RIGBY D. L. (1989) Estimating capital stocks and capitals ages in Canada's regions, Reg. Studies 23, 117--126. Most existing methods of calculating capital stocks fail to capture spatial variations in depreciation profiles. This paper presents a new technique that allows estimating the most likely pattern of depreciation independently for any region. The new method is used to estimate capital stocks for six regions of Canada between 1961 and 1981. Findings show that the maximum service lifetime of manufacturing capital varies between twenty-four and twenty-nine years. While the spatial distribution of manufacturing capital appears relatively stable, the average age of capital varies significantly between regions. In most regions the capital stock is aging. ANDERSON W. P. et RIGBY D. L. (1989) L'estimation du capital social et de l'âge du capital dans les régions au Canada: de 1961 à 1981, Reg. Studies 23, 117--126. La plupart des méthodes en vigueur qui permettent une évaluation du capital social n'arrivent pas à embrasser les variations géographiques des taux d'amortissement. Cet article à pour but de présenter une nouvelle technique qui permet une estimation indépendante pour toute région de la structure éventuelle des taux d'amortissement. A partir de cette nouvelle méthode on évalue le capital social pour six régions au Canada entre 1961 et 1981. Les résultats montrent que la durée de vie du capital industriel varie entre 24 et 29 années. Alors que la distribution géographique du capital industriel semble relativement stable, l'âge moyen du capital varie sensiblement suivant les régions. Dans la plupart des régions le capital social devient de plus en plus vétuste. ANDERSON W. P. und RIGBY D. L. (1989) Berechnung von Aktienkapital und Alter des Kapitals in verschiedenen Gebieten Kanadas während des Zeitraums 1961--1981, Reg. Studies 23, 117--126. Den meisten der gegenwärtig angewandten Methoden zur Berechnung von Aktienkapital gelingt es nicht, räumliche Variationen in Wertverlustskizzen festzuhalten. Dieser Aufsatz stellt eine neue Methode vor, die gestattet, den wahrscheinlichsten Verlauf des Wertverlustes für jedes Landesgebiet unabhängig zu berechnen. Die neue Methode wird dazu benutzt, Aktienkapital für sechs Regionen Kanadas während des Zeitraums 1961--1981 zu berechnen. Die Befunde zeigen, dass der Zeitraum höchster Diensttauglichkeit industriellen Kapitals zwischen 24 und 29 Jahren schwankt. Während die räumliche Verteilung des Kapitals der verarbeitenden Industrie relativ beständig zu sein scheint, schwankt das durchschnittliche Alter des Kapitals von einer Gegend zur anderen beträchtlich. In den meisten Gebieten ist das Aktienkapital "bejahrt”.

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Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 23 (1989)
Issue (Month): 2 (April)
Pages: 117-126
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Handle: RePEc:taf:regstd:v:23:y:1989:i:2:p:117-126

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Related research
Keywords: Capital stock; Age of capital; Depreciation;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Hawkins, R G, 1978. "A Vintage Model of the Demand for Energy and Employment in Australian Manufacturing Industry," Review of Economic Studies, Blackwell Publishing, vol. 45(3), pages 479-94, October. [Downloadable!] (restricted)
  2. Meric Gertler, 1986. "Regional dynamics of manufacturing and non-manufacturing investment in Canada," Regional Studies, Taylor and Francis Journals, vol. 20(6), pages 523-534, October. [Downloadable!] (restricted)
  3. Johansson, Borje & Stromquist, Ulf, 1981. "Regional rigidities in the process of economic structural development," Regional Science and Urban Economics, Elsevier, vol. 11(3), pages 363-375, August. [Downloadable!] (restricted)
  4. Douglass C. North, 1955. "Location Theory and Regional Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 63, pages 243. [Downloadable!] (restricted)
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