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A joint estimation of the production function and the depreciation rate of the capital stock. A disaggregated analysis

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  • Mauleón, Ignacio
  • Risueño, Marta

Abstract

In this article we estimate the depreciation rate of the capital stock jointly with the parameters of a production function. We use data on 81 Spanish manufacturing sectors for the period 1978-1992. The methodology used allows us to obtain consistent capital stock series using gross investment data and an initial capital stock.

Suggested Citation

  • Mauleón, Ignacio & Risueño, Marta, 1997. "A joint estimation of the production function and the depreciation rate of the capital stock. A disaggregated analysis," UC3M Working papers. Economics 6064, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:6064
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    References listed on IDEAS

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    1. Nadiri, M Ishaq & Prucha, Ingmar R, 1996. "Estimation of the Depreciation Rate of Physical and R&D Capital in the U.S. Total Manufacturing Sector," Economic Inquiry, Western Economic Association International, vol. 34(1), pages 43-56, January.
    2. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
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    6. Alfonsa Denia Cuesta & Ana María Gallego & Ignacio Mauleón Torres, 1996. "Una estimación econométrica del stock de capital de la economía española," Working Papers. Serie EC 1996-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    7. Prucha, Ingmar R. & Nadiri, M. Ishaq, 1996. "Endogenous capital utilization and productivity measurement in dynamic factor demand models Theory and an application to the U.S. electrical machinery industry," Journal of Econometrics, Elsevier, vol. 71(1-2), pages 343-379.
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    Keywords

    Depreciation rate;

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