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Estimating the Capital Stock

Author

Listed:
  • José A. Hernández

    (University of Las Palmas de Gran Canaria)

  • Ignacio Mauleón

    (University Rey Juan Carlos)

Abstract

Econometric estimates of the capital stock and the depreciation rate for the Spanish economy in the period 1970-1997, are presented. The methodology is based on the estimation of the production function, yielding a window for the depreciation rate between 5.5% and 6.5%. Methods to make the depreciation rate dependent on a set of variables, and to blend prior and sample information, are discussed and implemented. The unidenti...ability of the initial capital stock is also analysed.

Suggested Citation

  • José A. Hernández & Ignacio Mauleón, 2002. "Estimating the Capital Stock," Documentos de trabajo conjunto ULL-ULPGC 2002-03, Facultad de Ciencias Económicas de la ULPGC.
    • Handle: RePEc:can:series:2002-03
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    References listed on IDEAS

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    7. Perron, P, 1993. "Erratum [The Great Crash, the Oil Price Shock and the Unit Root Hypothesis]," Econometrica, Econometric Society, vol. 61(1), pages 248-249, January.
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    Cited by:

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    3. Ivan Todorov, 2016. "Supply-Side Factors of Economic Growth in Bulgaria," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 159-174, June.
    4. Zoran Boroviæ & Mladen Rebiæ & Dalibor Tomaš, 2020. "Total factor productivity drivers in the selected EU countries: Cointegration approach," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(1), pages 295-315.

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