Appreciating depreciation: physical capital depreciation in a developing country
Author
Abstract
Suggested Citation
DOI: 10.1007/s00181-012-0592-2
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kumar, Surender & Managi, Shunsuke, 2012.
"Productivity and convergence in India: A state-level analysis,"
Journal of Asian Economics, Elsevier, vol. 23(5), pages 548-559.
- Kumar, Surender & Managi, Shunsuke, 2009. "Productivity and Convergence in India: State Level Analysis," MPRA Paper 23738, University Library of Munich, Germany.
- King, Robert G. & Levine, Ross, 1994.
"Capital fundamentalism, economic development, and economic growth,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 259-292, June.
- King, Robert G. & Levine, Ross & DEC, 1994. "Capital fundamentalism, economic development, and economic growth," Policy Research Working Paper Series 1285, The World Bank.
- Robert J. Barro, 2013.
"Inflation and Economic Growth,"
Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
- Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
- Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
- William Hauk & Romain Wacziarg, 2009.
"A Monte Carlo study of growth regressions,"
Journal of Economic Growth, Springer, vol. 14(2), pages 103-147, June.
- William R. Hauk & Romain Wacziarg, 2004. "A Monte Carlo Study of Growth Regressions," NBER Technical Working Papers 0296, National Bureau of Economic Research, Inc.
- S.K. Bhutani, 2009. "China and India," India Quarterly: A Journal of International Affairs, , vol. 65(4), pages 383-391, October.
- Pritchett, Lant, 2000.
"The Tyranny of Concepts: CUDIE (Cumulated, Depreciated, Investment Effort) Is Not Capital,"
Journal of Economic Growth, Springer, vol. 5(4), pages 361-384, December.
- Pritchett, Lant, 2000. "The tyranny of concepts - CUDIE (Cumulated, Depreciated Investment Effort) is NOT capital," Policy Research Working Paper Series 2341, The World Bank.
- Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006.
"The Return to Capital in China,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(2), pages 61-102.
- Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006. "The Return to Capital in China," NBER Working Papers 12755, National Bureau of Economic Research, Inc.
- David McKenzie & Christopher Woodruff, 2008. "Experimental Evidence on Returns to Capital and Access to Finance in Mexico," The World Bank Economic Review, World Bank, vol. 22(3), pages 457-482, November.
- Wang, Yan & Yao, Yudong, 2003. "Sources of China's economic growth 1952-1999: incorporating human capital accumulation," China Economic Review, Elsevier, vol. 14(1), pages 32-52.
- Stephen Bond & Julie Ann Elston & Jacques Mairesse & Benoît Mulkay, 2003.
"Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data,"
The Review of Economics and Statistics, MIT Press, vol. 85(1), pages 153-165, February.
- Benoit Mulkay & Stephen Bond & Julie Ann Elston & Jacques Mairesse & Benoît Mulkay, 2003. "Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data," Post-Print hal-01815075, HAL.
- Chang-Tai Hsieh & Peter J. Klenow, 2009.
"Misallocation and Manufacturing TFP in China and India,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1403-1448.
- Chang-Tai Hsieh & Peter J. Klenow, 2007. "Misallocation and Manufacturing TFP in China and India," Discussion Papers 07-006, Stanford Institute for Economic Policy Research.
- Chang-Tai Hsieh & Peter J Klenow, 2008. "Misallocation and Manufacturing TFP in China and India," 2008 Meeting Papers 121, Society for Economic Dynamics.
- Chang-Tai Hsieh & Peter Klenow, 2009. "Misallocation and Manufacturing TFP in China and India," Working Papers 09-04, Center for Economic Studies, U.S. Census Bureau.
- Chang, Tai Hsieh & Peter, J- Klenow, 2007. "Misallocation and manufacturing TFP in China and India," MPRA Paper 35084, University Library of Munich, Germany, revised 15 Jun 2007.
- Chang-Tai Hsieh & Peter J. Klenow, 2007. "Misallocation and Manufacturing TFP in China and India," NBER Working Papers 13290, National Bureau of Economic Research, Inc.
- Suresh de Mel & David McKenzie & Christopher Woodruff, 2009.
"Returns to Capital in Microenterprises: Evidence from a Field Experiment,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(1), pages 423-423.
- Suresh de Mel & David McKenzie & Christopher Woodruff, 2008. "Returns to Capital in Microenterprises: Evidence from a Field Experiment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1329-1372.
- de Mel, Suresh & McKenzie, David & Woodruff, Christopher, 2007. "Returns to capital in microenterprises : evidence from a field experiment," Policy Research Working Paper Series 4230, The World Bank.
- de Mel, Suresh & McKenzie, David & Woodruff, Christopher, 2007. "Returns to Capital in Microenterprises: Evidence from a Field Experiment," IZA Discussion Papers 2934, Institute of Labor Economics (IZA).
- Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations,"
Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
- Finn E. Kydland & Edward C. Prescott, 1982. "Executable program for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4, Quantitative Macroeconomics & Real Business Cycles.
- Finn E. Kydland & Edward C. Prescott, 1982. "Web interface for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4a, Quantitative Macroeconomics & Real Business Cycles.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
- N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
- Coen, Robert M, 1975. "Investment Behavior, the Measurement of Depreciation, and Tax Policy," American Economic Review, American Economic Association, vol. 65(1), pages 59-74, March.
- Dale W. Jorgenson, 1974. "The Economic Theory of Replacement and Depreciation," Palgrave Macmillan Books, in: Willy Sellekaerts (ed.), Econometrics and Economic Theory, chapter 10, pages 189-221, Palgrave Macmillan.
- Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
- Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 327-368.
- Christopher Udry & Santosh Anagol, 2006.
"The Return to Capital in Ghana,"
American Economic Review, American Economic Association, vol. 96(2), pages 388-393, May.
- Anagol, Santosh & Udry, Christopher R., 2006. "The Return to Capital in Ghana," Center Discussion Papers 28417, Yale University, Economic Growth Center.
- Christopher Udry & Santosh Anagol, 2006. "The Return to Capital in Ghana," Working Papers 932, Economic Growth Center, Yale University.
- Nazrul Islam, 1998. "Growth Empirics: A Panel Data Approach—A Reply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 325-329.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ali, Merima & Peerlings, Jack & Zhang, Xiaobo, 2010. "Clustering as an organizational response to capital market inefficiency: Evidence from handloom enterprises in Ethiopia," IFPRI discussion papers 1045, International Food Policy Research Institute (IFPRI).
- Merima Ali & Jack Peerlings & Xiaobo Zhang, 2014. "Clustering as an organizational response to capital market inefficiency: evidence from microenterprises in Ethiopia," Small Business Economics, Springer, vol. 43(3), pages 697-709, October.
- Wößmann, Ludger, 2000. "Specifying Human Capital: A Review, Some Extensions, and Development Effects," Kiel Working Papers 1007, Kiel Institute for the World Economy (IfW Kiel).
- CHI, Wei, 2008. "The role of human capital in China's economic development: Review and new evidence," China Economic Review, Elsevier, vol. 19(3), pages 421-436, September.
- Antonio Paradiso & Saten Kumar & B. Bhaskara Rao, 2013.
"The growth effects of education in Australia,"
Applied Economics, Taylor & Francis Journals, vol. 45(27), pages 3843-3852, September.
- Paradiso, Antonio & Kumar, Saten & Rao, B. Bhaskara, 2011. "The growth effects of education in Australia," MPRA Paper 34791, University Library of Munich, Germany.
- Antonio Paradiso & Saten Kumar & B. Bhaskara Rao, 2011. "The Growth Effects of Education in Australia," Working Papers 2011-05, Auckland University of Technology, Department of Economics.
- William Easterly & Ross Levine, 2002.
"It´s Not Factor Accumulation: Stylized Facts and Growth Models,"
Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 3, pages 061-114,
Central Bank of Chile.
- William Easterly & Ross Levine, 2001. "It's Not Factor Accumulation: Stylized Facts and Growth Models," The World Bank Economic Review, World Bank, vol. 15(2), pages 177-17-219.
- William Easterly & Ross Levine, 2002. "It's Not Factor Accumulation: Stylized Facts and Growth Models," Working Papers Central Bank of Chile 164, Central Bank of Chile.
- Chong-En Bai & Qiong Zhang, 2017.
"Is the People's Republic of China's current slowdown a cyclical downturn or a long-term trend? A productivity-based analysis,"
Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 22(1), pages 29-46, January.
- Bai, Chong–En & Zhang, Qiong, 2017. "Is the People’s Republic of China’s Current Slowdown a Cyclical Downturn or a Long-term Trend? A Productivity-Based Analysis," ADBI Working Papers 635, Asian Development Bank Institute.
- repec:dgr:rugggd:gd-120 is not listed on IDEAS
- Sai Ding & John Knight & Xiao Zhang, 2019.
"Does China overinvest? Evidence from a panel of Chinese firms,"
The European Journal of Finance, Taylor & Francis Journals, vol. 25(6), pages 489-507, April.
- Sai Ding & Alessandra Guariglia & John Knight, 2010. "Does China overinvest? Evidence from a panel of Chinese firms," Working Papers 2010_05, Durham University Business School.
- Sai Ding & Alessandra Guariglia & John Knight, 2012. "Does China overinvest? Evidence from a panel of Chinese firms," Discussion Papers 12/04, University of Nottingham, GEP.
- Sai Ding & Alessandra Guariglia & John Knight, 2010. "Does China overinvest? Evidence from a panel of Chinese firms," Working Papers 2010_32, Business School - Economics, University of Glasgow.
- Ding, Sai & Guariglia, Alessandra & Knight, John, 2010. "Does China overinvest? Evidence from a panel of Chinese firms," SIRE Discussion Papers 2010-110, Scottish Institute for Research in Economics (SIRE).
- Günther Rehme, 2011.
"Endogenous Policy And Cross‐Country Growth Empirics,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 262-296, May.
- G? Rehme, 2004. "Endogenous Policy and Cross-Country Growth Empirics," Econometric Society 2004 North American Summer Meetings 262, Econometric Society.
- Rehme, Günther, 2009. "Endogenous Policy and Cross-Country Growth Empirics," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 77433, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Rehme, Günther, 2007. "Endogenous Policy and Cross-Country Growth Empirics," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 35720, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Rehme, Günther, 2007. "Endogenous policy and cross-country growth empirics," Darmstadt Discussion Papers in Economics 182, Darmstadt University of Technology, Department of Law and Economics.
- Caselli, Francesco, 2005.
"Accounting for Cross-Country Income Differences,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 9, pages 679-741,
Elsevier.
- Caselli, Francesco, 2004. "Accounting for Cross-Country Income Differences," CEPR Discussion Papers 4703, C.E.P.R. Discussion Papers.
- Francesco Caselli, 2005. "Accounting for Cross-Country Income Differences," CEP Discussion Papers dp0667, Centre for Economic Performance, LSE.
- Francesco Caselli, 2004. "Accounting for Cross-Country Income Differences," NBER Working Papers 10828, National Bureau of Economic Research, Inc.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2016.
"Immigration and economic growth in the OECD countries 1986–2006,"
Oxford Economic Papers, Oxford University Press, vol. 68(2), pages 340-360.
- Boubtane, Ekrame & Dumont, Jean-Christophe & Rault, Christophe, 2014. "Immigration and Economic Growth in the OECD Countries, 1986-2006," IZA Discussion Papers 8681, Institute of Labor Economics (IZA).
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2015. "Immigration and economic growth in the OECD countries 1986-2006," Working Papers halshs-00800617, HAL.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2015. "Immigration and economic growth in the OECD countries 1986-2006," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00800617, HAL.
- Ekrame BOUBTANE & Jean-Christophe DUMONT & Christophe RAULT, 2015. "Immigration and Economic Growth in the OECD Countries 1986-2006," LEO Working Papers / DR LEO 2393, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2016. "Immigration and Economic Growth in the OECD Countries 1986-2006," Working Papers halshs-01252406, HAL.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2015. "Immigration and Economic Growth in the OECD Countries 1986-2006," CESifo Working Paper Series 5392, CESifo.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2016. "Immigration and economic growth in the OECD countries 1986–2006," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01297100, HAL.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2016. "Immigration and Economic Growth in the OECD Countries 1986-2006," CERDI Working papers halshs-01252406, HAL.
- Ekrame Boubtane & Jean-Christophe Dumont & Christophe Rault, 2016. "Immigration and economic growth in the OECD countries 1986–2006," Post-Print halshs-01297100, HAL.
- Eaton, Jonathan & Kortum, Samuel, 1997.
"Engines of growth: Domestic and foreign sources of innovation,"
Japan and the World Economy, Elsevier, vol. 9(2), pages 235-259, May.
- Jonathan Eaton & Samuel Kortum, 1995. "Engines of Growth: Domestic and Foreign Sources of Innovation," NBER Working Papers 5207, National Bureau of Economic Research, Inc.
- Jonathan Eaton & Samuel Kortum, 1995. "Engines of Growth: Domestic and Foreign Sources of Innovation," Boston University - Institute for Economic Development 63, Boston University, Institute for Economic Development.
- Jonathan Eaton & Samuel Kortum, 1995. "Engines of growth: domestic and foreign sources of innovation," Finance and Economics Discussion Series 95-35, Board of Governors of the Federal Reserve System (U.S.).
- Angel de la Fuente & Antonio Ciccone, 2003.
"Human capital in a global and knowledge-based economy,"
UFAE and IAE Working Papers
562.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Angel de la Fuente & Antonio Ciccone, 2003. "Human capital in a global and knowledge-based economy," Working Papers 70, Barcelona School of Economics.
- Angel de la Fuente, 2003. "Human capital in a global and knowledge-based economy," UFAE and IAE Working Papers 576.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2013.
"Human Capital and Regional Development,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 105-164.
- Nicola Gennaioli & Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer, "undated". "Human Capital and Regional Development," Working Paper 19522, Harvard University OpenScholar.
- Nicola Gennaioli & Rafael Laporta & Florencio Lopez-de-Silanes & Andrei Schleifer, 2011. "Human Capital and Regional Development," Working Papers 581, Barcelona School of Economics.
- Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2011. "Human Capital and Regional Development," NBER Working Papers 17158, National Bureau of Economic Research, Inc.
- Nicola Gennaioli & Rafael Laporta & Florencio López-de-Silanes & Andrei Schleifer, 2011. "Human capital and regional development," Economics Working Papers 1286, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2012.
- Duffy, John & Papageorgiou, Chris, 2000. "A Cross-Country Empirical Investigation of the Aggregate Production Function Specification," Journal of Economic Growth, Springer, vol. 5(1), pages 87-120, March.
- Fleisher, Belton & Li, Haizheng & Zhao, Min Qiang, 2010.
"Human capital, economic growth, and regional inequality in China,"
Journal of Development Economics, Elsevier, vol. 92(2), pages 215-231, July.
- Fleisher, Belton M. & Li, Haizheng & Zhao, Min Qiang, 2007. "Human Capital, Economic Growth, and Regional Inequality in China," IZA Discussion Papers 2703, Institute of Labor Economics (IZA).
- Fleisher, Belton M. & Li, Haizheng & Zhao, Min Qiang, 2008. "Human Capital, Economic Growth, and Regional Inequality in China," IZA Discussion Papers 3576, Institute of Labor Economics (IZA).
- Belton Fleisher & Haizheng Li & Min Qiang Zhao, 2007. "Human Capital, Economic Growth, and Regional Inequality in China," William Davidson Institute Working Papers Series wp857, William Davidson Institute at the University of Michigan.
- Belton Fleisher & Haizheng Li & Min-Qiang Zhao, 2009. "Human Capital, Economic Growth, and Regional Inequality in China," Working Papers 09-01, Ohio State University, Department of Economics.
- Mikael Lindahl & Alan B. Krueger, 2001.
"Education for Growth: Why and for Whom?,"
Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," Working Papers 808, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," NBER Working Papers 7591, National Bureau of Economic Research, Inc.
- Lashitew, Addisu A., 2011. "Does Access to Finance Lower Firms’ Cost of Capital? Empirical Evidence from International Manufacturing Data," GGDC Research Memorandum GD-120, Groningen Growth and Development Centre, University of Groningen.
- Pritchett, Lant, 1996. "Where has all the education gone?," Policy Research Working Paper Series 1581, The World Bank.
- Ulaşan, Bülent, 2012. "Cross-country growth empirics and model uncertainty: An overview," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-69.
More about this item
Keywords
Depreciation rate; Capital stock; Investment; Manufacturing; Indonesia; O14; D92; E22; L6;All these keywords.
JEL classification:
- O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- L6 - Industrial Organization - - Industry Studies: Manufacturing
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:empeco:v:44:y:2013:i:3:p:1277-1290. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.