Depreciation of Business R&D Capital

Wendy Li () and Bronwyn Hall

Working Papers from eSocialSciences

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]

Keywords: Depreciation; Business; R&D; Capital; Compustat; BEA; NSF; the U.S.; Japan (search for similar items in EconPapers)
Date: 2016-08
Note: Institutional Papers
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Citations: View citations in EconPapers (27)

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Related works:
Journal Article: Depreciation of Business R&D Capital (2020)
Working Paper: Depreciation of Business R&D Capital (2016)
Working Paper: Depreciation of Business R&D Capital (2016)
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