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Depreciation Rate of R&D Capital: Panel Data Analysis of Listed Firms in Japanese R&D-Intensive Industries

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  • Hirotsugu Sakai

Abstract

Research and development (R&D) capital is thought to be at the core of technological progress. To measure the effect of R&D capital correctly, the knowledge of its depreciation rate is required. However, few studies have paid attention to the depreciation rate of R&D capital for recent Japanese firms. This study estimates the depreciation rate of R&D capital by two methods using panel data of listed Japanese firms in R&D-intensive industries. The results show that the rates are higher than the conventionally accepted 15 percent and those estimated by previous studies for Japanese firms.

Suggested Citation

  • Hirotsugu Sakai, 2016. "Depreciation Rate of R&D Capital: Panel Data Analysis of Listed Firms in Japanese R&D-Intensive Industries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(4), pages 196-205.
    • Handle: RePEc:asi:aeafrj:v:6:y:2016:i:4:p:196-205:id:1478
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    Cited by:

    1. Lööf, Hans & Perez, Luis & Baum, Christopher F, 2018. "Directed Technical Change in Clean Energy: Evidence from the Solar Industry," Working Paper Series in Economics and Institutions of Innovation 470, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Tzu‐Lin Chang & Hsiao‐Wen Wang & Keng‐Pei Lin & Hsin‐Yu Chen, 2022. "R&D performance and international diversification: Evidence from an emerging market," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 3176-3197, October.
    3. Sakai, Hirotsugu, 2020. "Did financing constraints cause investment stagnation in Japan after the 1990s?," Journal of Corporate Finance, Elsevier, vol. 64(C).

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