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Investment Effects Of Endogenous And Exogenous Depreciation: Improved Pastures In Uruguay

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  • Ekboir, Javier M.
  • Jarvis, Lovell S.
  • Rey, Carlos

Abstract

The depreciation rate for capital assets may have endogenous and exogenous components. Change in the exogenous component depends on technological change and/or environmental factors, shifts the production function, and independently affects profitability and investment. Change in the endogenous component does not. These hypotheses are tested using data on Uruguayan grass-legume pastures.

Suggested Citation

  • Ekboir, Javier M. & Jarvis, Lovell S. & Rey, Carlos, 1998. "Investment Effects Of Endogenous And Exogenous Depreciation: Improved Pastures In Uruguay," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20934, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20934
    DOI: 10.22004/ag.econ.20934
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    References listed on IDEAS

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