New evidence on the retirement and depreciation of machine tools
AbstractThis paper uses data from machinery dealers to estimate the retirement and depreciation patterns for a broad set of conventional machine tools. According to the dealers, the average service life of these machines at the survey date was about thirty years. Service lives were even longer in the mid-1970s, with the reduction over time likely caused by the diffusion of superior, computer-controlled machines. Consistent with the relatively long average life, the conventional machines have depreciated slowly. The author uses the results to asses the average service life assumed by the Bureau of Economic Analysis to construct capital stocks for metalworking machinery. Copyright 1996 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Working Paper Series / Economic Activity Section with number 147.
Date of creation: 1993
Date of revision:
Other versions of this item:
- Oliner, Stephen D, 1996. "New Evidence on the Retirement and Depreciation of Machine Tools," Economic Inquiry, Western Economic Association International, vol. 34(1), pages 57-77, January.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Boyan Jovanovic & Yaw Nyarko, 1995.
"Research and Productivity,"
NBER Working Papers
5321, National Bureau of Economic Research, Inc.
- Patrick Musso, 2006. "Capital Obsolescence, Growth Accounting and Total Factor Productivity," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 217-233.
- Nicholas Oulton, 2001.
"ICT and productivity growth in the United Kingdom,"
Bank of England working papers
140, Bank of England.
- Michael J. Geske & Valerie A. Ramey & Matthew D. Shapiro, 2007.
"Why Do Computers Depreciate?,"
in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 121-150
National Bureau of Economic Research, Inc.
- Yisheng Bu, 2006. "Fixed capital stock depreciation in developing countries: Some evidence from firm level data," The Journal of Development Studies, Taylor and Francis Journals, vol. 42(5), pages 881-901.
- Hassler, John & Krusell, Per & Storesletten, Kjetil & Zilibotti, Fabrizio, 2008.
"On the optimal timing of capital taxes,"
Journal of Monetary Economics,
Elsevier, vol. 55(4), pages 692-709, May.
- Eloi Laurent & Michel Juillard & Patrick Musso & Michel Aglietta & Jean Chateau & Hélène Baudchon & Gilles Le Garrec & Jean-Paul Fitoussi & Jérôme Creel & Vincent Touze & Jean-Luc Gaffard & Jacque, 2005. "Potential Growth in the EU : Prospects from Technical Progress and Eastern Enlargment," Sciences Po publications info:hdl:2441/2500, Sciences Po.
- Andrew Street & Padraic Ward, 2009. "NHS input and productivity growth 2003/4 - 2007/8," Working Papers 047cherp, Centre for Health Economics, University of York.
- Nicholas Oulton & Sylaja Srinivasan, 2003. "Capital stocks, capital services, and depreciation: an integrated framework," Bank of England working papers 192, Bank of England.
- Valerie A. Ramey & Matthew D. Shapiro, 1998.
NBER Working Papers
6775, National Bureau of Economic Research, Inc.
- Ramey, Valerie A & SHAPIRO, MATTHEW D, 1998. "Displaced Capital," University of California at San Diego, Economics Working Paper Series qt49k7n14z, Department of Economics, UC San Diego.
- Asplund, Marcus, 2000.
"What Fraction of a Capital Investment Is Sunk Costs?,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 48(3), pages 287-304, September.
- Asplund, Marcus, 1995. "What Fraction of a Capital Investment is Sunk Cost?," Working Paper Series in Economics and Finance 68, Stockholm School of Economics, revised 24 Sep 1999.
- Karl Storchmann, 2004. "On the Depreciation of Automobiles: An International Comparison," Transportation, Springer, vol. 31(4), pages 371-408, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kris Vajs) The email address of this maintainer does not seem to be valid anymore. Please ask Kris Vajs to update the entry or send us the correct address.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.