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Depreciation of Business R&D Capital

Author

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  • Wendy Li

  • Bronwyn Hall

Abstract

This paper develops a forward-looking profit model to estimate the depreciation rates of business R&D capital. By using data from Compustat, BEA, and NSF between 1987 and 2008, and the newly developed model, it estimates both constant and time-varying industry-specific R&D depreciation rates. The estimates are the first complete set of R&D depreciation rates for major U.S. high-tech industries. Lastly, it also presents a cross-country comparison of the R&D depreciation rates between the U.S. and Japan, and finds that the results reflect the relative technological competitiveness in key industries. [Working Paper 22473]

Suggested Citation

  • Wendy Li & Bronwyn Hall, 2016. "Depreciation of Business R&D Capital," Working Papers id:11156, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11156
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    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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