INVESTMENT EFFECTS OF ENDOGENOUS AND EXOGENOUS DEPRECIATION: IMPROVED PASTURES IN URUGUAY

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

No 20934, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

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.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 16
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20934

DOI: 10.22004/ag.econ.20934

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